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Still nothing terribly new here. Energy has always had inelastic demand, meaning usage doesn’t change much with price. Whether gas costs 1, 3, or 5 dollars people still need to get to work and will still buy stuff. Maybe people will start to combine trips or whatever with higher prices, but nothing huge.

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obsoleteacct@lemmy.zip ⁨7⁩ ⁨hours⁩ ago
Exactly, so there’s never a reason to bring down the price. If anything you’d bring down the supply (e.g. Enron during the California energy crisis).

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- spongebue@lemmy.world ⁨5⁩ ⁨hours⁩ ago
  I mean… Gas prices are relatively low right now, at least here in 'Merica. I’ve seen them more than double what they are now, how did that happen?
  
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