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Politics : Politics of Energy
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To: Brumar89 who wrote (1518)8/13/2008 2:45:18 PM
From: J_F_Shepard  Read Replies (1) of 86355
 
"In the meantime, consider that the gasoline price increase in the US over the last year has caused consumers to reduce their demand by about 3-4%. The change in price was a lot bigger than the change in demand you'll note."

Our local price dropped 15 cents and in the last few days another 5 cents.....0.15/4.00 = 3.75% Is this a lot bigger than change in demand????
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