[Speed Gibson,
Friday April 28, 2006 at 1:27am]
Would lowering the gas tax help?
There have been a number of calls to lower or suspend the State and/or Federal gasoline taxes, so as to provide lower prices at the pump. I don't think that will work.
The wholesale price, yes, will fluctuate with crude oil and production costs. But the retail price seeks its own level, does it not? If it sells quickly, you raise the price rather than let lines form or run out.
The wholesale price, yes, will fluctuate with crude oil and production costs. But the retail price seeks its own level, does it not? If it sells quickly, you raise the price rather than let lines form or run out.