If you're selling something at a certain price, and no one is buying it, what do you do? Lower or increase the price so that people will buy it?
Supply and demand

 

hey chingon ......nothing personal man, much respect.......yeah i'm just sayin that tire and tranny stuff because of the people in here ......its called making a point.......how about something outside the forum like milk or daycare?????aren't you just saying what your sayin cause of the topic aswell?????politics are politics opec is opec...gas , milk, whatever....you think i have a bad attitude about gas prices???? of coarse i do.....i wish it was a nickle..........but i wish everything was cheaper.......and boycotting your local gas station ultimatly wont do anything to opec............it might shut down your local pump though.......and for every station you all manage to shut down, five will have poped up right here in new L.A. I MEAN phoenix...........so whos losing?????? you...cause your walking....and me i'm smoking my tires>>>>>>>peace out

 

No worries man. I don't take much of anything to the heart, especially on here
I got your point
Yeah, I know milk costs what, $3.50 a gallon? It does here. But I don't use 26 gallons of milk in 2 weeks like I do with gas, that's my point.
Also I don't consider walking "losing" Just because I choose to not buy something doesn't mean I'm losing. I can buy a new flat screen TV but do I? No, my TV works fine.
My other point was that us Americans just consume consume consume. We're always buying stuff.
Go to Best Buy or Fry's or the mall, etc....what are people doing? Not because they need it, because they want it and can.
Just stay home and save your money

 

alright chingon well if we really want to get techical and no offense intended, gasoline in america is a very inelastic comodity, in that the percentage change in quantity demanded is less than the percentage change in price, thus when gas price goes up by a certain percentage the quantity demanded falls by less of a percentage in comparison to the rising price. This is because gasoline is a necescity in America, and when somthing is a necescity this equates to lesser price elasticity of demand. When gas prices rise, the amount we as americans cosume is basically the same as when a cheaper price was charged, there is no way to get around it, unless we invest heavily in public transportation or create far more fuel efficent vehicles, so really this chain letter seems to be a stupid idea that a naive 14 year old waiting for his drivers permit thought up.
Price Elasticity of Demand

 

haha your eekinomics class must have sucked cause as demand for a product goes up prices go up along with an increase in quantity supplied, alright enough of me being an economics teacher

 

I was actually going to bring this up next, as well as getting a better public transit system, especially here in California. That is the only realistic way. I think the chain letter would work, ideally, but it isn't practical.
The car companies have such a huge influence though, so I don't see that happening anytime soon.
And if you take a look at gas price comparisons to the 70s and 80s, it is actually about the same price now. These are inflation adjusted charts by the way.
When I lived in Buenos Aires, the public transit was awesome. And we're talking a huge city. Subways can take you anywhere, and the few places that aren't in reasonable walking distance(more than 3-5 miles) you can get to in a cab, which are plentiful there.
But while the price elasticity of demand is a good point, my point still is that we don't NEED all the gas that we use. Just like we don't NEED any of the luxuries we buy all the time. We just consume consume consume. That's our nature.

 

I completely agree with you on this we definitly do not need all the gas we consume. I lived over in london for a while and the public transportation was amazing much as in buenos aires, now if the amazing public transportation system caused the $6 dollar per gallon gas or if the extreme gas price caused the good public transportation im not sure. Haha its good to see we can have a pretty in depth economic conversation on a truck website

 

Dude.. how long ago were you in H.S?.... It's actually the other way around.

 

i know... was messin around hehehehe....

but in london the streets are so small and congested it makes you not want to drive, plus gas it priced crazy there too. the tube is ok, except for the puke and urine smell...

 

Thanks our gov......1.71 east 2.80 west.
Were I'm from there no more than .06 cent difference between N.S.E.W.
It's the law.
P.S. is part of the US