Quote:
Originally Posted by nemo
I would like to see the price of fuel go down because less is being used. As the past has shown low prices result in higher consumption.
|
I too would like to see the price go down. I wouldn't drive any more or any less than I do because of it.
The higher consumption that occurs when prices decline is entirely rational, however. If you can't afford the cost of a vacation trip when prices are high, it makes sense to wait until the price declines.
As for supporting and mandating higher prices (usually through the addition of hidden taxes on gasoline) to reduce consumption, it amounts to imposing a starvation diet as a cure for famine - then claiming that the "cure" was effective. Effective perhaps, but not beneficial to those subjected to it.