http://www.triplepundit.com/2005/04/a-realistic-perspective-on-gas-prices/ Business, Better. Since 2005 Sat, 21 Nov 2009 18:33:24 -0800 http://wordpress.org/?v=2.8.6 hourly 1 http://www.triplepundit.com/2005/04/a-realistic-perspective-on-gas-prices/comment-page-1/#comment-12999 Nick Aster Thu, 28 Apr 2005 03:25:41 +0000 http://www.triplepundit.com/wordpress/2005/04/a-realistic-perspective-on-gas-prices/#comment-12999 It is quite amazing. In trying to visualize it, it's easy to see how companies get away with selling sugar water for 5 or 6 dollars a gallon, simply because that's what the free market will bear, but the free market totally breaks down when people essentially riot for cheap gas, which they see as their lifeblood and right. That's when government intervention, spending and subsidies come into play. The thing people rarely realize is that it's their tax money anyway that's subsidising artificially cheap gasoline, so even out of their own pockets, it's not half as cheap as the price at the pump suggests. It is quite amazing. In trying to visualize it, it’s easy to see how companies get away with selling sugar water for 5 or 6 dollars a gallon, simply because that’s what the free market will bear, but the free market totally breaks down when people essentially riot for cheap gas, which they see as their lifeblood and right. That’s when government intervention, spending and subsidies come into play. The thing people rarely realize is that it’s their tax money anyway that’s subsidising artificially cheap gasoline, so even out of their own pockets, it’s not half as cheap as the price at the pump suggests.

]]>