The crunch is on. With skyrocketing prices, people are buying less and less gasoline. This will have two dramatic long term effects.
We will begin to see the closure of gas outlets. Merchants will rely more on volume and companion sales since the margins on gasoline sales are razor thin.
States will be forced to raise taxes. Consumption of gasoline is likely to drop in response to the higher prices, thus the revenue generated through gasoline taxes will suffer a parrallel drop. It will be unlikely that the states will increase gas taxes, and will look to alternative measures.
How
rising gas prices help VoIP
ZDNet
- USA
How rising gas prices help VoIP by ZDNet's
Russell Shaw -- I have a theory about how rising energy prices
can help VoIP services.Goes like this:Imported oil is ...
Gas
prices strangling Southern Crescent
News-Daily.com - Jonesboro,GA,USA
When Eddie Robinson
pulls out onto the road in his company's only cab, he's not thinking
about today's high gas prices as much as he would had
he not already ...
Gas
prices retreat in some cities, climb in D-FW
Dallas Business Journal - Dallas,TX,USA
Pump prices
in a few Texas cities took a dip this week after six weeks of rising prices,
but gas prices in the majority of cities continued the climb
...
Putting
Gas Prices Up To The Voters
KXAN-TV
- Austin,TX,USA
... With already sky-high gas
prices, Felix Contreras isn't sold on voting to raise the gas
tax on himself to pay for transportation needs in Central Texas. ...
Gas
prices through the roof
Pahrump
Valley Times - Pahrump,NV,USA
... reasonably good, according
to the California Energy Commission. Despite these developments, retail
gas prices continue to rise. ...
TXU Energy Responds
to Increase in Natural Gas Prices
mysan.de (Pressemitteilung) - Heidelberg,Germany
...
adjustment for its Price to Beat electricity rate with the Public Utility
Commission of Texas (PUC) in response to a sustained increase in natural
gas prices. ...
Cochise government
struggles with gas prices
KOLD-TV
- Tucson,AZ,USA
SIERRA VISTA, Ariz. Individual drivers are not
the only ones feeling the squeeze from rising fuel costs. Local governments
are also being hit. ...
Xcel
Energy Proposes May Natural Gas Prices; Customer Bills ...
Business Wire (press release) - San Francisco,CA,USA
DENVER--(BUSINESS
WIRE)--April 15, 2005--Xcel Energy today proposed an increase in May 2005
natural gas commodity prices. Coupled ...
LA
Gas Prices Creep Up
Los
Angeles Business Journal - Los Angeles,CA,USA
... and
throughout Southern California over the past week, but lower costs for
crude oil and stability in the wholesale gas market indicate that
pump prices may be ...
With
gas prices at all-time high, it pays to drive less
Tallahassee.com - Tallahassee,FL,USA
...
want to see them. With gas prices at an all-time high, Harris
has cut back on out-of-town trips. He's also combining errands in
...
Comments