[woofer]

Price wars? I say go for it. I'd love to see gasoline hit 50 cents a gallon again.

If you think for one moment that Big Oil is gonna let retail pricing of refined products follow in line with cost of the prime commodity, your nuts and ignorant of history.

I believe that any hint of a downward trend will spike the stock of companies like Exxon-Mobil, Shell and Marathon like three years ago.

And I also believe that the federal and state gov't will fill any vacuum from retail price decline with increased excise and sales taxes. Bottom line...Profits up for Big Oil, price at the pump static.

[rface]

I think it was three summers ago, maybe four, that unleaded hit $0.75/gal here.

Ashland, Missouri

[Eala]

And I also believe that the federal and state gov't will fill any vacuum from retail price decline with increased excise and sales taxes

Here in the People's Soviet of Washington (on the Left Coast), that's not an issue of belief -- it's guaranteed!

[Just another Joe]

I didn't say it was going to happen. I said I'd love to see it happen.
You are correct that the oil conpanys will not let it go to that level.
As for the economy tanking if it did go to that level - the rest of the world has payed that price for gasoline for many years, we would adjust. Bicycles, motor scooters, even horses might make a comeback.
A country, or person, that can't adapt to adverse conditions will not be successful in their endeavors.