Yes. If that were not true, the gas station would just jack the price up to 10 billion dollars per gallon. Why doesn't that work? Because consumers won't pay it. And why *do* you pay the $3 per gallon? Because that gallon of gas is worth more to you than $3.
“Yes. If that were not true, the gas station would just jack the price up to 10 billion dollars per gallon. Why doesn’t that work? Because consumers won’t pay it.”
There’s a difference between can’t and won’t. And then why do they only seem to jack the price considerably around major world events? The ablility for the general public to pay $3 or more per gallon was greater 5 years ago than today. Why didn’t they jack it up then? Or even before that? They still would’ve paid it. That kind of leaves a few holes in your theory.