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Politics, News & Issues > Political & Economic Theory Should lawmakers free us from market forces by controlling gas prices?

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The gas prices are more complex to control than putting a price cap on. All putting a cap on gas prices will do is decrease the amount of gas available at the pump. The solution to the gas problem is more complex than that. What you really need is lower demand for oil.

So you put a price ceiling in place, that sounds good except for one thing this is a global economy. If the gas company can sell gas to China at twice the price it sells gas in the U.S. you simply won't have gas. Why would they sell petroleum to you if the government says it has to be at such and such a rate. The fac...

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