We regulate natural gas and electric. What's the difference?
Banks speculate on fuel and make huge profits that eat into the economy.
It should be treated like any other utility because that's exactly what it is.
There is no rhyme or reason why it fluctuates like it does.
End of message!
There should be a regulation on the gas prices, mostly because the gas stations and companies control it. The government doesn't really control it, so the companies are given the opportunity to sky rocket prices for almost no reason. Then if the gas was regulated people wouldn't have to go out of there way to get to a certain "cheaper" station. Rather they would go to the nearest one knowing they all have the same price. Plus the only competition from the companies would have to be making better, more car friendly gas such as the Shell's enhanced gas.
In recent years, gas has skyrocketed at a max of about $2 a gallon. Granted there is a some work that goes into oil refining and petroleum production by these companies. The importing of this necessary resource has heavily affected the economy and I do agree with a previous point made that this is a supply and demand country and competition is what drives the market. I also do agree though that there can be some form of regulation placed upon these suppliers. The regulation should affect the methods of importation and/or standards to lower gas prices on a whole.
Gas prices do need constant governmental regulation because of the constant attention and competitiveness of the market. Without governmental regulation on gas prices/taxes/etc, it would be unclear if the free market could handle itself with the ever changing landscape the oil companies find themselves in. The government should be here to provide this service for it's people.
The government should because gas prices are way too high as it currently stands. There is a lot of skimming off the top that a lot of gas companies do that just raises the price for everyone else. Having lower prices helps boost the economy as a whole, which benefits everyone involved.
If the government regulates the price of gas, than the economy would suffer because there would be no competition and companies would go out of business. Having a non-monopolistic market helps promote growth in the economy. That is why the government should not regulate the price of gas. Gas is also a precious material, that means if the government set a price that was too low, there would be a gas shortage.
The government already controls enough. If we let them control the gas, there is no accountability. They could raise it sky high and we could do nothing. It would leave the people at the mercy of the government about gas. It would not be affordable any longer by the common man.
The amount of profit that oil companies take in every gallon is far lower than what government gas taxes take, I believe it's about 1:40 cents per gallon. Government control is the problem, the same happened in the Soviet Union with prices because the inefficiencies of government raised the cost of products more than corporate profits, thereby, making prices higher in the USSR. This may not be the exact same, but the principle of regulation and price control is always the same.
While the proposed government regulations on gas do have an obvious positive side, it is important to look at the negatives as well. The government would now have the ability to change prices according to their own agenda. Granting government the ability to regulate prices in our laissez-faire economy is just wrong. More regulations brings us closer to socialism. You guys should look at the world gun regulation treaty with the U.N. That Obama is most likely going to sign. The treaty has the ability to only stop the international trade of weapons, but also go behind the American people's back and take away a constitutional right.
From what gas prices look like now, government is interfering too much. If the government wants to lower gas prices, they should allow more companies to drill oil on Federal property. But when government interferes and create regulations, they need some tax to cover what they spend regulating prices. I also thought this "free market" would let companies choose their own prices. I mean, you don't have to buy their gasoline. Less government means fairer prices.
Government agencies should not regulate actual gas prices. That would be like a teacher telling a doctor how to do his job. The government can regulate how gas is produced, safety standards, etc., and how it is distributed. Those things have to do with public safety and quality of product. This country, however, has always operated on supply and demand. Therefore, if the price of gas gets too high, people won't buy it and the price will go down.