KevinWestern
Hello
That's not true at all, when there is less demand for oil it will be more expensive.
When there is demand prices will fall, when there is no demand prices will rise.
Nick, when Demand rises price rises too. When demand falls so does the price. This is a basic principle of economics.
Which ebay item do you think is likelier to be sold at a higher price: Item A with 150 people bidding on it, or Item A with 2 people bidding on it.
It's a fact people need gas..
It's a fact less people are driving.
How do you compensate for people not driving as much hence lost revenue??
You raise the oil prices..
If more people had jobs and drove to work there would be more of a demand hence oil prices would go down due to competition amongst the corporations providing oil...
Truth is our economy is shitty, our real unemployment rate is astronomical hence the oil companies are going to charge "Dave" for the fuel "Phil" doesn't use, because "Phil" is out of work and cant afford to buy gas and has no reason to buy gas because he doesn't have to commute as much.
If you drive up your prices to somehow make up for lost revenue, you will actually drive more customers away because people will drive less, so you won’t end up any better off by raising the price of gas.
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