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  #1  
Old 11-19-2008, 03:51 PM
sunshine sunshine is offline
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Default gas prices

Hi there, it's been a while since my last visit. I hope you all are doing well.
I can't understand one thing - the gas prices are going down but not the prices of all other items. Not the groceries, not the clothing, not the electronics or air travel. Am I missing something? When the gas prices went up the airlines screamed how they will go bankrupt if they don't surcharge us for fuel and extra luggage. What are they going to say now?
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  #2  
Old 11-19-2008, 08:17 PM
trent trent is offline
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Well I guess some of the airlines will be able to turn profit with the lower gas prices. I don't think we'll see such low gas prices for much longer though. Once the USD resumes it's way down, the gas prices will skyrocket.
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  #3  
Old 11-20-2008, 02:47 PM
Zephyr Zephyr is offline
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There are still airlines going bankrupt - see Alitalia.. I don't think we will see any low prices any more....
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  #4  
Old 11-21-2008, 03:20 PM
Steven Steven is offline
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We'll see low airfare prices if demands dries up. Otherwise it's only up from here.
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  #5  
Old 11-24-2008, 02:50 PM
mary1 mary1 is offline
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At least the gas prices are going in our direction.... Look around!
I think the prices of everything will go down if the gas prices stabilize.
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  #6  
Old 11-24-2008, 04:05 PM
Canadian Canadian is offline
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Don't get your hopes too high. The world economy is running on oil, and the biggest oil fields worldwide are depleting at ever increasing speed. There is simply not enough oil (at least cheap enough to produce) to go around. Soon or a later the liquidation panic gripping the markets will subside and fundamentals will take over. At this point oil will rise much higher from where it is now.
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  #7  
Old 12-03-2008, 03:04 PM
investor investor is offline
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Quote:
Originally Posted by Canadian View Post
Don't get your hopes too high. The world economy is running on oil, and the biggest oil fields worldwide are depleting at ever increasing speed. There is simply not enough oil (at least cheap enough to produce) to go around. Soon or a later the liquidation panic gripping the markets will subside and fundamentals will take over. At this point oil will rise much higher from where it is now.
Yes the price of oil now is too good to be true. Enjoy it while it lasts because these are the times when we will see the gas under $1 per litre. I personally enjoy it

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  #8  
Old 12-04-2008, 03:03 PM
Steven Steven is offline
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The prices in Toronto hover around 80c per liter and I think that's the lowest we will ever get.
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  #9  
Old 12-05-2008, 03:41 PM
Canadian Canadian is offline
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Quote:
Originally Posted by Steven View Post
The prices in Toronto hover around 80c per liter and I think that's the lowest we will ever get.
I saw 74c this morning, however how long do you think would that last?
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