tag:blogger.com,1999:blog-11693538.post112569312471102058..comments2024-02-19T05:14:41.739-05:00Comments on The Auto Prophet: Suspend Gas TaxesAnonymoushttp://www.blogger.com/profile/12108992620883563299noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-11693538.post-1125974520393088072005-09-05T21:42:00.000-05:002005-09-05T21:42:00.000-05:00Maybe prices will increase again--or maybe not. P...Maybe prices will increase again--or maybe not. Part of the cost of gas to the retailer is tax. If the tax is removed, the retailer will pass the savings on to the customer, to have the lowest competitive price.<BR/><BR/>If this causes people to go out and buy lots more gas, yes, the price will rise again. However, I don't think they will buy a ton more gas because it costs $2.80 instead of $3.20. <BR/><BR/>What it will do is reduce the damage to the pocketbooks of lots of folks, especially the working class and "working poor".Anonymoushttps://www.blogger.com/profile/12108992620883563299noreply@blogger.comtag:blogger.com,1999:blog-11693538.post-1125955355990699062005-09-05T16:22:00.000-05:002005-09-05T16:22:00.000-05:00reply to #6supposedly what is "temporary" is the s...reply to #6<BR/><BR/>supposedly what is "temporary" is the supply of gasoline. the price is being set by demand - what people will pay for that limited supply.<BR/><BR/>lowering taxes will not increase the immediate supply. therefore pump prices will just rise by roughly the amount of the reduced tax.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11693538.post-1125930603196131882005-09-05T09:30:00.000-05:002005-09-05T09:30:00.000-05:00Note the word "temporary". The idea is to mitigat...Note the word "temporary". The idea is to mitigate the economic destruction (price inflation, airline bankrupcy, etc.) caused by a spike in fuel prices.Anonymoushttps://www.blogger.com/profile/12108992620883563299noreply@blogger.comtag:blogger.com,1999:blog-11693538.post-1125898162315435592005-09-05T00:29:00.000-05:002005-09-05T00:29:00.000-05:00When we are short of gasoline government should ma...When we are short of gasoline government should make it easier to use more?<BR/><BR/>Perhaps we should have government employees stand by the pumps and hand money to people who fill up.<BR/><BR/>Suspending the tax is EXACTLY the wrong thing to do.<BR/><BR/>Al Gore had some odd ideas. But his call for higher taxes on motor fuel was right.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11693538.post-1125765565716171352005-09-03T11:39:00.000-05:002005-09-03T11:39:00.000-05:00I agree with robert, but even if they suspend the ...I agree with robert, but even if they suspend the gas tax, The oil companies will be the ones who take the 20 cents or more. But it worth trying. <BR/><BR/>Note: I have noticed diesel prices have dropped and what about developing another fuels and vehicles including diesel-electric hybrid vehicles. I like gasoline, if there was enough to go around.Brian Vermettehttps://www.blogger.com/profile/04729977514524441803noreply@blogger.comtag:blogger.com,1999:blog-11693538.post-1125763704909019872005-09-03T11:08:00.000-05:002005-09-03T11:08:00.000-05:00It's $3.09 a gallon in the midwest, though they dr...It's $3.09 a gallon in the midwest, though they dropped to $2.99 in locations yesterday. While that's certainly high, and it's enough to make one take a look at one's driving habits, is it really a "disaster?" I would question that assertion, and looking at world gas prices supports that.<BR/><BR/>http://money.cnn.com/pf/features/lists/global_gasprices/price.html<BR/><BR/>That information was compiled back in '04, and our $3.09 price is still only at the midpoint.<BR/><BR/>Yes, it sucks, yes, it requires some changes to our driving habits, but it's not a disaster.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11693538.post-1125700391477833982005-09-02T17:33:00.000-05:002005-09-02T17:33:00.000-05:00I doubt the reduced taxes would reduce gas prices ...I doubt the reduced taxes would reduce gas prices by nearly as much as the taxes. It's worth a try, but don't hold your breath.Roberthttps://www.blogger.com/profile/06377243038409175774noreply@blogger.com