Nothing wrong with capitalism. But there is a lot wrong with inflating prices because of political winds.
Or do you just like being taken advantage of at the pump because some jerkwad in Cyprus decides his profit magin is the best way to control his political enemies?
Use your head!
The concept to noble but the application is flawed.
The problem is demand is outstripping supply. By lowering the tax and reducing the cost the demand should increase, as it would for any good or service that is made cheaper through tax reductions.
That increased demand will only result in high prices for refined fuel on the open market.
I agree the gas tax is terrible and should be abolished, but the result in this enviroment will only make things worse.
Who has so much power as to inflate prices at will to a noticeable extent? Whose conspiracy do you have in mind?