Originally Posted by msoebel
Okay...yeah. But the first thing you learn in Economics 101 is that PROFITS are the money left over AFTER all your costs are accounted for.
Yes, but the second thing you learn, is that you maximize profits by charging whatever the market will bear. Until people as whole unified populace stop buying fuel at these prices, the fuel companies will have no reason to ever bring the price down. I understand that alot of people feel that they can't stop driving, but you would be amazed how hard we could hit the oil companies if everyone started carpooling, making 1 trip for errands a week instead of doing one errand everyday, riding bikes and taking public transportation.
In my area I hear all day about how expensive gas is, but the same people who are whining about it are the people who refuse to use one of the best public transportation systems in the country because it takes a little bit longer and is more inconvienient than getting in their Hummer and going where they wanna go.
I still own a car, but the change in gas prices over the last 3 years has not even registered on my radar because I drive on average 10 miles a week, that is when I run my errands. Other than that the only driving I do is to see my parents who live about 100 miles away once a month.
People refusing to change their habits for the reason of convenience is what is driving gas prices.