TimeHorse
Well-known member
- Joined
- May 13, 2010
- Messages
- 999
$10.39±4.29 by mid 2025 if the current trend since December 2008 continues!
Note, though, that this calculation has a very large error on it. If we take the entire record of average U.S. price of Gasoline over the past 20 years, it's closer to $4.37±0.33, which given the price now wouldn't be half bad. Then again, if things hadn't spiked after 9/11, we might be paying $2.15±0.27, but now that seems like a pipe dream!
If the Saudi's hadn't injected all that extra petroleum into the system in mid 2008 to bring down the price, though, and things had continued to increase like they had been until the summer, 2008 high that is mentioned at the top of my blog, we might still be paying $9.03±1.16 by 2025.
It's all laid out here in my post: Where will Gasoline Prices be in 2025.
Note, though, that this calculation has a very large error on it. If we take the entire record of average U.S. price of Gasoline over the past 20 years, it's closer to $4.37±0.33, which given the price now wouldn't be half bad. Then again, if things hadn't spiked after 9/11, we might be paying $2.15±0.27, but now that seems like a pipe dream!
If the Saudi's hadn't injected all that extra petroleum into the system in mid 2008 to bring down the price, though, and things had continued to increase like they had been until the summer, 2008 high that is mentioned at the top of my blog, we might still be paying $9.03±1.16 by 2025.
It's all laid out here in my post: Where will Gasoline Prices be in 2025.