Comments on: Update: No Gas Day - MSNBC Weighs In http://poorerthanyou.com/2007/05/07/update-no-gas-day-msnbc-weighs-in/ Talking about money, without being boring. Fri, 05 Dec 2008 01:36:03 +0000 http://wordpress.org/?v=2.6.5 By: udandi http://poorerthanyou.com/2007/05/07/update-no-gas-day-msnbc-weighs-in/#comment-654 udandi Thu, 10 May 2007 15:46:29 +0000 http://poorerthanyou.com/2007/05/07/update-no-gas-day-msnbc-weighs-in/#comment-654 off topic... I love this wordpress layout (with the 2 right side columns) and room for a header/footer design! off topic…

I love this wordpress layout (with the 2 right side columns) and room for a header/footer design!

]]> By: KMull http://poorerthanyou.com/2007/05/07/update-no-gas-day-msnbc-weighs-in/#comment-645 KMull Thu, 10 May 2007 03:31:51 +0000 http://poorerthanyou.com/2007/05/07/update-no-gas-day-msnbc-weighs-in/#comment-645 I'd love to figure out how to -double- my mileage. Good grief! What America needs (at least in Birmingham, AL) is a public transportation system. In London, UK, you can go just about anywhere on a train/subway. Then hop on a train and go up to the northern part of the country. That just doesn't happen here. I’d love to figure out how to -double- my mileage. Good grief!

What America needs (at least in Birmingham, AL) is a public transportation system. In London, UK, you can go just about anywhere on a train/subway. Then hop on a train and go up to the northern part of the country. That just doesn’t happen here.

]]> By: Stephanie http://poorerthanyou.com/2007/05/07/update-no-gas-day-msnbc-weighs-in/#comment-620 Stephanie Mon, 07 May 2007 22:35:16 +0000 http://poorerthanyou.com/2007/05/07/update-no-gas-day-msnbc-weighs-in/#comment-620 <b>Eric,</b> You are correct, especially about the short term. A single day of no one using any gasoline could possibly have no effect on gas prices - it would just give oil companies a chance to build up their reserves for the following day, when everything returned to normal. A long term decrease in the use of gasoline, however, would hopefully create an environment where companies had to fight for their piece of now smaller pie - decreasing their prices to compete for our business. Also, a decrease in fuel consumption saves consumers money anyways - whether price itself drops or not. Eric,
You are correct, especially about the short term. A single day of no one using any gasoline could possibly have no effect on gas prices - it would just give oil companies a chance to build up their reserves for the following day, when everything returned to normal.
A long term decrease in the use of gasoline, however, would hopefully create an environment where companies had to fight for their piece of now smaller pie - decreasing their prices to compete for our business.
Also, a decrease in fuel consumption saves consumers money anyways - whether price itself drops or not.

]]> By: Eric http://poorerthanyou.com/2007/05/07/update-no-gas-day-msnbc-weighs-in/#comment-616 Eric Mon, 07 May 2007 20:16:04 +0000 http://poorerthanyou.com/2007/05/07/update-no-gas-day-msnbc-weighs-in/#comment-616 In reality, though, wouldn't "they" just create less gasoline, keeping the supply/demand ratio about the same and therefore keeping prices where they are? The entire "cut consumption" argument centers around them foolishly continuing to create a similar level of supply, as opposed to cutting production to balance out and maintain high prices. In reality, though, wouldn’t “they” just create less gasoline, keeping the supply/demand ratio about the same and therefore keeping prices where they are? The entire “cut consumption” argument centers around them foolishly continuing to create a similar level of supply, as opposed to cutting production to balance out and maintain high prices.

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