Use access key #2 to skip to page content.

Economics 101: The Price of Gas explained by Ludwig von Mises Institute and by Ron Paul (Video 1:04):



April 22, 2008 – Comments (3) | RELATED TICKERS: OIH , XOM

"The average price of gas in the United States today is approximately $3.25. The question is, why are gas prices not higher than they are?"

"Those who want the government to step in and do something about the high price of gas are either forgetful of recent history or too young to remember the oil crisis of 1979. During that time, restrictions on the price of gasoline led to the inability of some to find gas at all. Price ceilings always lead to shortages. The only thing worse than having to pay "too much" for gas is not being able to find gas at any price.

Let us not be swayed by politicians out for power or by reporters out to create news where none exists. Facts and economic logic should prevail rather than rhetoric."

Read from a reliable source here: 

Or Dr Paul can explain it here (Video 1:04):



3 Comments – Post Your Own

#1) On April 23, 2008 at 12:08 AM, FleaBagger (27.54) wrote:


Report this comment
#2) On April 23, 2008 at 7:50 AM, devoish (64.32) wrote:

Gas is already restricted. Income decides who gets what.

Report this comment
#3) On April 23, 2008 at 2:23 PM, lquadland10 (< 20) wrote:

could this be another way to also make money in solar nat. gas. and so forth.not to mention agriculture Coal Railroads and now Nuclear power plants?  deflate the dollar to raise gasoline get the far left to pound on global warming and volia we were manipulated again. But I am making money are you?  CFR  wins again.

Report this comment

Featured Broker Partners