Gas Price Drop Does Not Spark Usage Increase
As gas prices made their biggest drop ever due to dipping demand, analysts are wondering if, now with petrol prices lower, drivers will be filling up more.
"The bottom is falling out of them," said John Townsend, a spokesman for the auto club. He added, "The big question on the table is: With prices falling, will people begin driving more?"
So far, there is little sign of that.
Fuel companies were wondering at which point overcharging becomes unbearable to the consumer... well, they found it. Prices will continue to trickle downward until usage rises, and there shall fuel prices remain. The overall economic turmoil certainly doesn't help, but fuel companies the world over have amassed fortunes based on the simple formula of charging the maximum of what the market will bear.
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Athens, Georgia, United States