dssur
+1y
Originally posted by thedurtyone
it will take a nation wide trucker strike to even make a lil bit of difference...a oil company man told my dad a few yrs ago if every truck stopped rollin for 3days it would take over 6 months to re-cooperate from the blow
no, thats an old wives tale. the truth is that gasoline is an "inelastic good" which means there arent many substitues, so no matter how high the price gets, people will continue to buy. The realtruth is that truckers would need to work long before the price of gas would ever come down, and it probably wouldnt come down anyway, so a trucker strike would just create a shortage of OTHER goods that are elastic in demand (many substitues) and money would shift from delivered goods to on hand goods.
the other truth is that we have been spoiled with low gas prices for years and years and years, decades really. Adjusting for inflation, the price hasnt increased much since the 70's (not counting the oil crisis). In europe, like the UK, gas has been over 5 dollars a gallon for years and years.
if you were thinking about buying a seconhand fuel efficient car, now is the time. Buying one new would just be shifting your money from low mpg to a high car payment, so buy 10+ years old and pay cash.