[Just another Joe]

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

[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.

[Double Tap]

No you wouldn't. First off, if it hits 50 cents a gallon, that would mean that the government would have quit taking the 35 to 40 cent a gallon tax, which will never happen. That would be a good thing, but will never happen.

Second, gas prices that low would devastate the American Oil industry. If you ruin that, then you will be left at the mercy of the countries we import from next time the price starts to go up. Anyone want $4.00 a gallon gas??? Talk about shut the economy down.