Reply #7: What should the price of a gallon of be? [View All]

[Jayhawk Lib]

What should the price of anything be? Myself I really do not know.

It seems that we should be conserving our precious resources and the only way I know is high prices. I know myself when the price of anything gets too high to suit me I start figuring out how to get by with less and that includes other things other than gas.

If you have a product or service how do you price it? Normally you will price it according what others are selling the same product or service for. Then if you are not selling enough of your product you lower the price or if the public is demanding more than you can produce you raise your price to what others are selling theirs.

What I described is a market. I guess if I were in the oil and gas business I would sell according to the market.

Flame me if you wish but I really do not know what a gallon of gas should sell for.