If Americans were to purchase less gasoline,?

Question

would that force the gas prices to drop? We complain about the price but we still fill up our tanks every day. If we used our cars less, could we force the companies to lower the prices? It's about supply and demand, right? I just read that other countries are paying between 25 cents to $2 a gallon. So I'm wondering how can we, the consumers, demand the prices to be lower?

Answer 1

what about the countries who pay double and triple what we do (like England and most of Europe) do more research before you start complaining about our prices the following are prices in gallons and US $
Netherlands Amsterdam $6.48
Norway Oslo $6.27
Italy Milan $5.96
Denmark Copenhagen $5.93
Belgium Brussels $5.91
Sweden Stockholm $5.80
United Kingdom London $5.79
Germany Frankfurt $5.57
France Paris $5.54
Portugal Lisbon $5.35
Hungary Budapest $4.94
Luxembourg $4.82
Croatia Zagreb $4.81
Ireland Dublin $4.78
Switzerland Geneva $4.74
Spain Madrid $4.55
Japan Tokyo $4.24
Czech Republic Prague $4.19
Romania Bucharest $4.09
Andorra $4.08
Estonia Tallinn $3.62
Bulgaria Sofia $3.52
Brazil Brasilia $3.12
Cuba Havana $3.03
Taiwan Taipei $2.84
Lebanon Beirut $2.63
South Africa Johannesburg $2.62
Nicaragua Managua $2.61
Panama Panama City $2.19
Russia Moscow $2.10
Puerto Rico San Juan $1.74
Saudi Arabia Riyadh $0.91
Kuwait Kuwait City $0.78
Egypt Cairo $0.65
Nigeria Lagos $0.38
Venezuela Caracas $0.12

so stop b!ithcin'

Answer 2

I think you just answered your own question!

I find it ironic that people are just realizing, "Hey, if the price goes up, I should buy less of it." Gee, what a concept!!! lol
It's hilarious when I read about people proposing this smashing idea to "stick it to the oil companies" by not buying gas (say on a certain day).
BUT THAT'S WHAT YOU'RE SUPPOSED TO DO!! Duh!!!
But why don't we???....well the truth is we are addicted lol

So, Yes, we should reduce comsumption. Here's the problem. There are 300+million people in the USA. Suppose 30 million reduce consumption in great amounts. This would be sufficient to decrease the prices significantly. However, whose to stop the other Americans from consuming the oil/gas that the 30million reduced?

In other words, if we don't implement a societal effort (like higher gas taxes; higher regulations on vehicles; etc...) individual effort will be negligible because whatever gas you don't use, I'll use.

Answer 3

If pigs were to fall from the sky, would the cost of bacon go down? Yes it would, but American's won't stop buying gas because they can't. It's a necessity. Refined fuel oil (gas) is by itself 99% price inelastic (it will be bought no matter the price), but that's only a small part of the real issue, the oil industry as a whole. Unprocessed crude oil is an input into about 90% of industries in the world. It's either used in manufacturing (machine lubrication or plastics), transportation (gas, oil), or its an actual product as in the case of automobile gasoline. The result of this is that no change in short-term demand for gasoline would substantially affect prices, since the excess prduction will inevitably be purchased elsewhere. Unfortunately the answer to your question is a resounding no!

Answer 4

Because of the exorbitant prices I am using my car less as many others are forced to do. I think the excuse that we are paying more because of the demand is pure bulls**t. Watch and see the profits Exxon and others report later on -summers coming and it's time once again to squeeze the lifes blood out of the poor and middle class driver who has to get to work and is forced to pay more for it.

Answer 5

in other country's the price is so low because the massive government subsidies. that means the government pays the rest ,so the people can buy the gas. if all of a sudden we stop using gas price would drop. but the company's now we need gas for tons of thing so finely we would give up and buy it.