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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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Readers share tips for coping with gas prices
Consumption; Demand; PricesSlow down, shop local and buy a motorcycle are common sentiments

Many readers responded to our solicitation about whether gas prices were affecting their driving habits with: Yes, they are.

They reported that they are, indeed, trying to save trips and shop closer to home. And more than a few shed some crocodile tears for SUV drivers.

Here’s a sampling of reader feedback:


Enforce speed limit
My family has done several things: drive less, maintain proper tire pressures, drive slower, and combine shopping trips. I drive to work everyday, if the police would enforce the speed limits and not allow people to travel 75 mph, that would save millions of gallons of gas each day. — Karl, New York

Get a motorcycle
I plan to refinance my home to lower the payment, and buy a 250cc motorcycle to drive back and forth to work, instead of my pickup. I have lowered my mileage as much as possible now. — Gary, Tenn.

Posted on Wednesday, May 31 @ 07:29:04 PDT by Leanan
 
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· More about Consumption; Demand; Prices
· News by Leanan


Most read story about Consumption; Demand; Prices:
Forget About Cheap Oil

 
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