US gasoline price has already dropped nearly twice the average fuel tax.
Where is the economic boom from that?
It’s coming. There’s a lag. Lower prices always lead to more consumption. Always.
The price hasn't fallen enough yet to spark an economic boom. Cutting gas tax will drive the cost of gas lower without hurting oil production. Letting the barrel of oil price drop more will only hurt US oil production. Fracking can't continue below $50 a barrel.
S gasoline price has already dropped nearly twice the average fuel tax.
Where is the economic boom from that?
:-)