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Metropolitan DC Local Politics
Reply to "Maryland cuts gas prices overnight for 30 days! "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]When I left my house yesterday morning the gas near my house was $4.39. When I returned in the afternoon it had went down to $3.89[/quote] But hey - reducing the gas tax couldn't work. Absolutely won't. Its a bonkers idea.[/quote] I don't think any serious person doubted it would reduce the price at the pump. But it's terrible policy. Artificially increase demand when demand is outpacing supply? It just keeps the market from correcting itself. In the 1970's the government responded to oil price shocks with gas rationing. That was worse policy. But only slightly. [/quote] Whine more. No one cares. [/quote]
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