I have recently received emails and read bulletins which propose that we either do not purchase gas on a certain day or not buy gas from certain gas stations. Obviously, not buying gas on a particular day has no effect on the revenues of the oil companies. They just get their money a day earlier or a day later. Also, oil is a fungible commodity and if Exxon doesn’t sell the oil from their refineries at the pump, they will sell it to the companies from which we are buying the gas. The demand will increase at the stations where we are buying from and they will raise their prices. Who suffers??
The laws of supply and demand supersede any scheme which does not involve pumping more oil or decreasing demand. High oil prices put pressure on our economy and also help to fund unfriendly nations. In order to improve this situation, I am in favor of Higher Gas Prices. I think that the Feds should step in and increase the taxes on gasoline by one or two dollars per gallon (Not a popular platform for someone who is running for election). The additional tax revenue can be used to fund the development of alternative fuels. I believe that good alternatives are possible. I have faith in the scientists and engineers of our country. As with any new technology, the initial cost are high. More expensive gas will make the alternatives commercially viable. As with anything new, the prices will decrease as popularity and competition increase. The long term effect is cheaper fuel and independence from foreign oil.
Just one idea.
