Question

Please tell me your opinion about this? I feel a price ceiling should not be imposed on gasoline prices in the U.S. market unless there is an emergency, crisis or shortage. On the news you here the possibilities of lowering the gas price or putting a price ceiling on it to stimulate the economy and help it grow. Some believe this may help to ease consumers’ pockets in times of a recession. I don’t really understand how that works when at the same time prices rise at the grocery store. What’s the point of paying less money for gas if you’re going to give it back on bread and milk? I guess there is no real answer to the question without a positive statement. Can an economist prove that putting a price ceiling on gas will for sure grow the economy? Taking it one step further, what about the loss of sales for bread and milk when consumers decide to forego those products and replace them with substations. Not to mention more layoffs at bread and milk companies. Recently I started watching the business news on television. Now along with economics studies I’m starting to realize everything is a tradeoff and has an opportunity cost!