[calex59]

People who say the demand for gas will go up with price drops or down when price goes up are kidding themselves. Gas use changes very little with price. People still have to work, get their kids to school, games, practices and other events. They will still burn gas when it is high. Lowering the price will not increase demand significantly. On top of that it is hard for average person to go out and buy a new more gas efficient car. Gas is not an elastic commodity.

However, the price will not stay down as the gov will take incentives away from the oil companies and they will add it to the price and we will be right back where we started. Same thing applies to "windfall" taxes. We will pay in the long run and gov will reap the profits.

This is about government stupidity and greed and has very little to do with free market enterprise. Take off the restrictions and let the market roll.

[Txsleuth]

Thanks for the info....I am trying to learn what I can.

[CGTRWK]

People who say the demand for gas will go up with price drops or down when price goes up are kidding themselves. Gas use changes very little with price. People still have to work, get their kids to school, games, practices and other events. They will still burn gas when it is high. Lowering the price will not increase demand significantly.

You aren't going to significantly cut demand overnight, or even over a year. But you have to start somewhere. Gasoline consumption in March fell 0.6% year on year. SUV sales are off for the first time in years. Car shoppers care about mileage again for the first time in 25 years. It's a good start.

[Trust but Verify]

Just so you understand this will not lower the price of gasoline one cent. Not one cent. And on top of that, it may result in shortages.

Is there nobody who understands that if you increase demand without increasing supply you will cause shortages followed by an increase in price to turn back demand?

I'm as against taxes as much as the next guy, but this is not the solution to the problem. Government NEVER solves the problem. The free market does.