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The Governor is right and your assumption is wrong. you missed the big point. If the "record profit" gas company can make more money in GA then there will be much more supply in GA. The problems of shortages will be in the surrounding states, until they cut there taxes.

You clearly know nothing about basic economics. There will be a shortage in the surrounding states until they cut taxes? Are you insane? How exactly would making gas cheaper (albeit temporarily) increase the supply? The exact opposite will happen. Tax or no tax, the market price of any good is determined by how much people are willing to pay. And since our demand for gasoline is mostly inelastic in the short term (i.e. we all need to get to work every day), the price will very quickly go back to the market rate.

Don't take my word (or the word of any economist) for it, though. Just track gas prices in GA and see if this idiotic tax cut has an effect.

It's nice to know that there are plenty of conservatives who are intellectually honest enough to abandon the knee-jerk "taxes are always bad, cutting taxes is always good!" mentality when it comes to serious economic issues. I'm no fan of taxes myself, but I'd rather the state of Georgia keep the money rather than just handing it out to the oil companies. (Though my oil stocks are up 30% in the last few months, so I suppose I should applaud the tax cut...)

If it were not for an event like this, the government would NEVER eliminate such a tax. And people here are suggesting the governor RAISE taxes, knowing full well that a tax raised because of this would NEVER be lowered again, even when the emergency is gone.

Your method is doomed to failure.... And yes I do know a thing or two about economics .... MBA grad from a good Big 10 School. Believe me government taxation will not cure this problem.