Many on here argue that increasing the supply by drilling in Alaska and offshore would not do anything to lower the price. But according to your economic theory it should. When supply is greater than the demand, prices are low. What you are saying, is that people are not purchasing as much gas, therefore the demand has dropped, and the supply is growing. I'm not sure which to believe.

My studies in economics would teach me that drivers "cutting back" would decrease demand and increase supply (do to lack of purchases-and additions by plants). However, I also wonder why liberals would go against this same economic theory when conservatives talk about wanting to increase the supply by drilling more. It sounds like many are cherry-picking.

I'm not quite sure if American's have cut back on gas. One cut-back in consumption in one area does not generalize the entire nation. I am glad that prices are falling, however, IMO...I believe that it's simply a game to everyone involved in the oil business. They're lowering it slightly to satisfy us...not to mention, 3.68 looks fantastic compared to 4.00 a gallon. They'll continue to raise prices and then lower them to make it seem as though gas prices have fallen. I won't consider the gas prices "fallen" until they reach about .89 cents a gallon.

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