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When market conditions dictate high fuel prices, consumers lose, producers win, and government angers. But if government tolerates wealth transfers in one direction only (from producers to consumers), why would anyone invest in the oil business? Fairness requires that government tolerate periodically high gasoline prices as long as it is going to tolerate periodically low gasoline prices...
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Tighter fuel-efficiency standards, higher gasoline taxes, and more lavish subsidies for alternative-fueled vehicles have all been suggested. Since consumers don't respond much to price signals in the short run, government needs to step in -- the theory goes -- to ensure that we adequately react to market scarcities...
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General points of the essay
What's The Answer for High Gasoline Prices?
Why Are Gasoline Prices Going Up So High?
High Gas Prices
Cure for High gas prices
Low Prices, High Cost
High Gasonline Prices
The Reason For High Gas Prices
Walmart; The high cost of low prices
Who Determines The Prices Of Goods In Market? Government Or Free Forces Of Market
High Pump Prices: Oil Demand and Supply Factors
Gasoline Prices
Rrl On Psychological Reactance And Gasoline Prices
Diesel Fuel Prices & Trucking Industry
Should the Government Raise Gas Prices
Actions Of The Government And The Increase In Prices
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