Originally posted by sigma: Let me explain this real slow for you, Hitman...
If people were enticed into buying cars with better mileage, gas companies would just increase the price to keep profit levels up.
Basic economic principles.
What basic economic principle is this?
I'm no economist, but all things being equal, if demand decreases & supply remains the same, the price of oil and gasoline would trend LOWER, not higher. THAT is THE basic economic principle.
Didn't you ever wonder why gasoline prices DECREASE after the summer driving season ends.
Face it, Everyone with a sensible car pays more for gasoline becuase of al the morons driving gas guzzling SUV's.
And while I think that basic economic laws might explain record PRICES for gasoline, they don't really explain the record PROFITS of the oil companies.
