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That's because people keep buying gas, and the more people buy, the less of it there is.



It will have short term effects on the price, but it'll eventually add up again.



I agree with this part.

   

Ignoring the fact that you do not even know my lifestyle, let alone if I changed it.

And no, that isn't the only way to lower the price of gas. INCREASING SUPPLY also lowers the price of gas. However, why in the flying fuck would oil and gasoline refineries build more when they're making record profits as it is.

So no, you're wrong, lowering demand won't always lower the price, increasing the supply would. Of course, there's been little increase in supply production of gasoline in the US and probably in Canada as well, and the equipment we have is getting old.

   

Well, apparently you drive enough to keep whining about the price of gas. If it's still a problem, you're obviously not doing enough.



How should they increase supply? Oil doesn't come out of thin air, it's a finite resource. The world's oil supplies are becoming more and more difficult to gather because the oil that's left is really hard to get at, and thus more expensive to drill or mine, which also adds to the price.



They're only making record profits because more and more people keep buying more and more gas.



You can't increase the supply of a finite, non-recycleable resource. If you were talking about metal such as iron, you would be right, because we can reuse iron as many times as we want and keep looking for more. But gas just gets burned, and you can't reuse what goes up in smoke, so supplies can only become less while the price goes up.



New equipment costs money, and guess where that money would come from!

   

For all you know I don't even drive! I "whine" about the gouging of average joes, both lower and middle class, who get screwed by both taxes and low supply.



Build and update refineries. Efficient refineries will do more with one barrel of oil than inefficient ones, and more of them will produce more gasoline/jet fuel/diesel, etc etc.

Oh come on, they discovered huge reserves under North Dakota, there's another off Brazil, and more along the California and Florida coasts. If people stop being pussies and stopped worrying about NIMBY bullshit we'd have more oil.



AND because there's no new production of gasoline. There isn't, and the equipment we use is old and inefficient. But sure if you really want to cut off India and China from gasoline, that's fine by me, screw those developing countries!



Yes you can, what are you talking about? Let's say we were talking about an iron mine. There might be a limited supply of iron ore, but that doesn't mean you can't get more iron ore out faster by building another shaft.

The same goes with oil. There might be x amount of oil, but if we build more well and rigs, we can pump out a lot more oil to supply the population, even if that means that oil deposit might be depleted in 40 years instead of 50.



Massive oil company profits!

   

wow.. people who dont believe in global warming but they believe we are running out of oil.. well there is shit loads of oil in the world... 28% of the price of gas is taxes...
nice little cash cow for the government coffers.. so why would they reduce the taxes on it..
so it drives up the cost of everthing from air to ass wipe and you guessed it the government coffers are getting an even bigger take.. more taxes on taxes ... hmmm sounds like conservatism to me... pad the rich and fuck the poor... gotta love them torys...

   

I do.....

Lowering taxes will just result in larger profits for the refiners.

Thats why the Tories won't be sucked in.

Gotta love them Tories.

   

you are so brainwashed there pluggy.. but hey.. your entitled to your delusions..

   

He's exactly right. The price is going up regardless if taxes go down or stay the same.

   

At least it's clean and not clogged with left wing plaque.

   

Nobody forced those people to buy gas. You can either decrease your consumption or shut up and pay the price. The price will not go down until demand goes down. Supply can only come so fast, and with ever-increasing demand, supply will always become outstripped. Especially when we have rich assholes on cruise ships gobbling up millions of gallons of fuel per day so they can catch a seabass off the coast of some tropical island in the middle of nowhere.



You can build and update until the cows come home, but if there's no oil to refine, building more refineries is just a waste of money. You keep ignoring the supply side of the issue, as if there is enough oil around to last forever.



NIMBY bullshit? There is a reason that industrial sectors and residential sectors are not mixed, you really wouldn't want to live next to an oil refinery.

This is just more whining instead of changing something about yourself. Nothing will change until you admit that you, as a consumer of gasoline, are a part of the problem.



Cutting off China and India from gasoline is not a bad idea. The planet does not need two billion more people driving cars like so many dirty suburban assholes of North America do. There are much better ways of developing a country.



Hello! McFly! Anybody home?! *knock*knock*

You can reuse iron. You can't reuse burned gasoline! Oil is a finite resource!

In both of the above situations, you are talking about finite resources! Once all of the iron is mined, you can't mine more! Once all of the oil is gone, it will be millions of years before there is more! There is not a magical enclave of elves that live under the surface of the earth manufacturing resources to supply our selfish fuckup lives until the end of eternity!



Do oil company profits come from nowhere?

   

I am against most taxes, but I am for the gas tax. The hilarity of the situation is that if they remove the gas tax, you would reduce the sting on consumers by a marginal amount for a short period of time. Market prices convey important information. Right now, the market is telling us "use less gasoline". Yes, it might hurt a bit in the short run, but this change has been long overdue. One way or another, we need to use less oil and the gas tax will help speed up the process. As oil prices rise, so will efficiency of cars, as will use of public transit.

Unfortunately our economy is designed around heavy automotive use so this will be a hard change to push through. I am confident in the ability of free markets to take care of problems, but at times there is a lack of foresight as a result of bad data, or opaque reporting of data (like oil statistics from certain middle eastern countries). If anything, there should be a higher gas tax that puts the money towards improving public transport in smaller cities. Out of all regions, North America has probably the worst urban planning to deal with this. Since most of our newer urban areas were built up in the 1950s-2000, the design is mostly large swathes of low-density housing heavily dependent on highways to get to work. I agree with RomanP, we don't need more "dirty suburban assholes", what we need is some sort of redevelopment that takes into account the realities of the oil problem.

   

I say the gas taxes should stay until someone can figure out a way to privatize roads and assign property rights to air (specifically, pollution in air). Roads, car pollution and traffic enforcement should be paid for by drivers--thus the tax.

   

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