Gas tax moritorium

This has bothered me since I first heard about it. The price at the pump is set by supply and demand. Removing the tax does not increase the supply or reduce the demand therefore it will not change the price at the pump. It will only give oil companies larger profits. Anybody that has taken economics 101 knows this yet the media has not yet brought in an economist to explain it to everybody else... until now.

http://www.marketwat.....4B3C313173D1}

To think that two presidential candidates actually support this is nothing less than bewildering to me.

Apollo

Actually, it could actually increase demand if the price falls. Sorta backwards on a purely non-political, non-partisan kinda way. ;-) But as far as bigger profits for the oil company... ?? I don't think so.

this is so stupid I cannot comprehend it. at least the american public seems to see through it. klh

McCain and Clinton are for it because it shows they are "proactive" in doing something about the high price of gas. Considering the expected rise per barrel in the coming months, this action will ultimately accomplish as much at tamping down prices as Ford did when he thought up those WIN (Whip Inflation Now) buttons back in the '70s. I'd be happier if that second guy in the mini-mart just came out and filled my tank, cleaned my windshield and checked my oil. (I doubt anyone under 35 even knows what I'm talking about.). Nothing more than cheesy campaign demagoguery.

Edited by milbank, 29 April 2008 - 11:16 PM.

agree: a gimmick, nothing more.