Tuesday, August 2, 2011

Would a presidential price freeze on gasoline be a help or hindrance to the current economy?

It was tried by Nixon and caused major gas shortages. Gas companies will not sell their product if they can't make a profit. And their profits per gallon are only around 5%. Check out the federal and state govt taxes on a gallon of gas if you want a shock. The gov makes more money on gas sales than big oil does.

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