Exactimundo.
Say we slap a $20 a bbl tax on imported oil, raising it to $90
a bbl. Domestic producers will start charging 89.99 bbl. Gasoline prices will increase proportionally. How does this help the consumer?
Price wars are proof that God loves us and wants us to be happy. It won’t last long so enjoy it while it lasts.
“Domestic producers will start charging 89.99 bbl. “
Actually, domestic suppliers will compete for your business. Right now it is all prix fixed by OPEC.