Disclaimer: this is a political entry. It expresses a point of view. I am no expert. Just a sideline observer.
I’ve been reading all sorts of new articles about how consumers are “FUMING” over high gas prices. News crews report people saying that the government needs to do something. Is this how the majority of people think? Are people actually angry or is it media hype?
I, for one, am completely unangry at the fuel prices. I groan when I think about the extra cash that I will spend per-month, but I’m still use my car just as much. How can I get angry at supply and demand? The day that I get angry I’ll start using my bicycle to get around town.
Some people seem to be upset at the potential for price gouging. Especially since oil is a market that does not make it easy for new companies to enter the mix. But still, I think if those guys wanted to charge $5.00 a gallon, and American’s would still pay without significant changes in lifestyles, then why shouldn’t they? Yes, they would be getting crazy rich off of the public but we’d keep paying them. I suspect we’d also carry protestor signs and scream anti-gouging oil slogans as we filled our SUV for the third time this week.
This just doesn’t make sense to me.