I predict gas will be $3(nyc) by summer, national avg $2.80

[Altitude]

Originally Posted by daf62757

Until our government quits this global warming crap....it is snowing in N. Dakota for the first time in several decades.....and allows for more gas refineries and oil drilling, we will pay more for gas. This is a political problem, not a supply problem.

Pricing of *any* goods are a political issue. Nothing has any intrinsic monetary value unless we assign some value to it. Who can blame gas/oil companies for trying to get a premium price for their product? Simple market economics, you charge what the market will bear. End of story.

Now, regardless of your stance on global warming the fact remains that OIL IS A FINITE RESOURCE... which means it WILL run out at some point so it only makes sense to find alternative forms of energy with or without global warming as a justification. When supplies run low or demand runs high the price will skyrocket no matter what. Not to mention that gas prices always, always, always go up for summer due to higher demand. This isn't some part of the "global warming conspiracy".