"XV, Roccus wrote:
Suspension o the tax would keep the price down and help prevent panic buying."
Better go back and reread supercat before you get worse posts!
When we had the spike in gas prices last week here in WV the demand increased. It went from 2.59 to 3.11 to 3.29 in less than one day.(This is locally, statewide, increases were comparable but the numbers were slightly different.) Rumors abounded that the price would reach $5 by weekend. Immediately, the lines started forming. People were filling every type of container that would carry gas. Price dropped to $3 by Sun and no lines. I can't give economic reasons for this as I don't know any. Just going by what I saw happen.