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Originally Posted by RazM
Gas prices have capped, dropped, and will drop further. They've realized that people have come to the point where they're modifying their lives vs. biting the bullet and paying for gas, their only option is to go down.
Gas won't reach 9-10 a US gallon, it'll destroy the country.
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You are correct. Now that there is serious discussion about drilling at home and developing alternative fuels, expect to see it come down even more. OPEC is just like any other business market. If we significantly decrease our dependence on foreign oil they lose money. Simple as that. They will now seek a price level for gas that maximizes their profit but still makes developing alternative fuels less attractive. I would not be surprised to see it go down .50 a gallon before November.
No wonder they want Obama to get elected.