Since more cars are being made to get better gas mileage, therefore spend less money on gas, does that…..?
February 3, 2012 by Admin
Filed under Discussions
increase the cost of gas in the long run? Because If there is less demand, then the cost goes up right? So is not getting better gas mileage worse for the price of gas? Or is it more about the environment. Which by the way, global warming is a plot to get everyone scared and spending. The earth, every 10′s of thousands of years, goes through natural changes. Sometimes it switches polarity, sometimes it cools, sometimes it warms up in it all by Dont
What ?
When an item is scarce (inelastic supply), and demand drops, the price will drop .. see Economics 101
Speculators are driving the price of oil, not demand. Sooner or later there will be a surge of profit taking, and the price should go down. Just like the real-estate bubble.