Quote:
|
Originally Posted by ken0042
Or here's another look at it. A pipeline breaks down, and everybody is talking saying "fill up your car before prices go up." So people do fill up sooner than normal, and all of a sudden there's a strain on demand because people are trying to get the jump on prices. How can the oil companies get a hold on demand? Raise the prices so people stop filling up.
I'm no economic major, but doesn't that make some sense?
|
Everyone buying their gas on Monday instead of the following Friday does not put a strain on supplies. Are people going to use more gas because they anticipate a price increase.
No.
It's the same flawed logic as the gas freeze out. People are actually convinced that they can effect a change on gas prices by not buying any gas on a particular day. It's ridiculous.
And finally, raising gas prices will not have a significant effect on short term demand.