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Originally Posted by luv
I've stuck my foot in my mouth on several occasions by not doing so. I usually just go back until I've got an idea of what's going on. I may look like an idiot, but oh well.
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Okay.
Well, let's start with this one day gasoline boycott idea. The idea is to hurt the oil companies (I assume) by removing their revenue. Great. However, since it seems that tommykat is not talking about skipping a fill-up, but only delaying it by a day, all it does is delay the sale by a day, not remove it entirely. Therefore, it does nothing. They still sell the same amount of fuel = demand does not decrease at all. The volume is the same. Oh, and if we don't buy the oil to refine the gasoilne from, someone else will. It's a GLOBAL commodity.
Make sense?
Price controls were tried once before. Remember (for you, probably in the history books) the "No Gas" signs and long lines at the pump? That was during the time when 'price controls' were in effect. The oil companies were forced to produce product below their cost to produce it. So, what did they do? Cut back drastically their output to limit their losses = shortage.
The fact remains that while high, gasoline is still relatively inexpensive.