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Originally Posted by RougeUnderoos
The thing that makes me scratch my head about gas-price griping is that nobody applies the same logic to other products. If something becomes too expensive for me, I stop buying it, or I buy less of it, or I stretch what I do buy out a little more. For a lot of people though this rather straightforward approach is unfathomable when it comes to gasoline.
Like is it not possible to use less gas? I find it hard to believe that anyone out there absolutely needs every drop of gas they can get and they can't afford to go with one drop less.
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Coming from an Econ major, the short answer is that different products have different price elasticity