A fill-up for $3 would be a real hoot. Unfortunately that is $3 X 10 gallons = $30. It will be even less funny when the equation is $10 X 10 gallons = $100. This is exactly where we will be if we cannot reduce demand.
'Starbucks' gas stations refers to availability of 'latte' priced alternative fuels at gas stations. I heard that Willie Nelson has 8 such gas stations near Nashville already.
I am a professor of economics and Director of the Nelson A. Rockefeller Center at Dartmouth College in Hanover, New Hampshire. This blog reflects my personal opinions about topics in economics, politics, and current events. They do not necessarily reflect the opinions of any institution with which I am affiliated.
4 comment(s):
It's only a matter of time before we have 'Starbucks' gas stations.
A fill-up for $3 would be a real hoot.
Unfortunately that is $3 X 10 gallons = $30.
It will be even less funny when the equation is $10 X 10 gallons = $100.
This is exactly where we will be if we cannot reduce demand.
The problem with this cartoon is that a Latte or a sadium beer is not necessary for survival, some may think so, but it's not.
However fuel for your automobile is necessary.
So it's not really an apt analogy.
'Starbucks' gas stations refers to availability of 'latte' priced alternative fuels at gas stations. I heard that Willie Nelson has 8 such gas stations near Nashville already.
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