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It will still cost money to produce and transport even if demand is low so the price will not be negative. Who is going to pay you to take gasoline when they co
by generatorguy 7y ago
It will still cost money to produce and transport even if demand is low so the price will not be negative. Who is going to pay you to take gasoline when they could just burn it themselves very cheaply to get rid of it? Presumably supply will also decrease, refineries will shut down. It may even become more expensive as economies of scale are lost.
In the short term as demand decreases I imagine governments will ramp up taxes to keep the price steady or climbing in order to avoid encouraging people to increase consumption.