Have we seen the worst? The analysts and most observers right now if they are to be believed said that we haven’t seen the worst. In fact the worst is yet to come.

What they discuss of course is the current status of the prices of petrol gas in the market. And based on the current news reports, it is believed that the gas prices will not go down just yet.

In fact the prices of per barrel of oil are expected to hit more than $200 in the coming years. If this is hard for business then it is much harder for the consumers and the regular homemakers.

The ordinary consumers are the worst hit since majority of their household budget is focused on food expense. And we know that the prices of food depend heavily on the prices of oil.

When oil prices continue to shoot up, then prices of food will shoot up as well. In the end, we are all the losers here. That is why lowering gas prices should be the objective of all. But the lowering of gas prices is easier said than done.

In order to lower the gas prices, then the first thing that needs to be done is to make sure that the worldwide supply of oil right now should be increased.

The amount of oil right now is no longer enough the growing economies plus the economies of big players like China and the US. When supply outpaces the need, then the lowering of gas prices may be possible.