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Re: Where is the hi gas price going?

3/24/2005 10:49 PM
SpeedRacer	Re: Where is the hi gas price going? actually the really sucky thing is that due to changes in how folks work and where, gas consumption is considered to be fairly inelastic by economists, meaning that even if it goes to $4 a gallon, you will still have to get to work so you'll pay it. It's not like when steak goes up and you switch to chicken or pork chops.. so either folks really cut back other things or something has to give.

3/24/2005 10:49 PM

SpeedRacer

Re: Where is the hi gas price going?

actually the really sucky thing is that due to changes in how folks work and where, gas consumption is considered to be fairly inelastic by economists, meaning that even if it goes to $4 a gallon, you will still have to get to work so you'll pay it. It's not like when steak goes up and you switch to chicken or pork chops.. so either folks really cut back other things or something has to give.

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