Quote:
Originally Posted by nilez 
As for the lowering the speed limits... I'm pretty sure that's ridiculous. If they wanna help the public out with high gas prices, lower the damn prices on gas! not the freakin speed limits... buncha arseholes.
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It's supply and demand. If you lower the price on gas, then demand would actually increase, or at least stay the same. For prices to go down demand needs to decrease or supply needs to go up. There is no short term solution to add more supply.
The thinking is, if you reduce the speed limit, national usage will decline (how much, I dunno), hence there will be less demand and prices go lower.
That's why all this nonsense about removing the federal gas tax for the summer driving season makes no sense in the long term. The same demand will still be there, people will not conserve, price will continue to rise, then BAM, when the gas tax comes back into play prices are even higher yet, and the federal highway budget is screwed.