I live in New Jersey, the lowest I've seen for gas was yesterday at $2.59/gal for regular if you pay cash but I know that the national average is now just below $3.00/gallon. I heard that next week OPEC is calling an emergency meeting to cut the supply. If this happens will the price of gas continue to drop?How much lower will gas prices go after next weeks OPEC meeting?
The idea of cutting supply is to raise the prices, but given the terrible condition of the US economy, I don't think that's going to happen. More likely the prices will stabilize or drop slightly until the economy picks up.
btw you guys are spoiled. We're paying $3.30 over here in CA.How much lower will gas prices go after next weeks OPEC meeting?
Of course not,the President has stocks in oil,let me ask you this we went to Iraq and captured Saddam right.what did he have to do with 9/11?also if he was a terrorist why was gas never $4 a gallon,now who's the terroristHow much lower will gas prices go after next weeks OPEC meeting?
Cutting the supply will increase prices, OPEC is shooting for oil price of $100/ bbl. They think that's a realistic price for today.
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