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Comment by belorn

12 hours ago

Fuel prices is one of those things where people will complain about Iran war driving prices up, and then in the next sentence complain that low fuel taxes will encourage consumption. The reduction in taxes has basically removed half of the price on gasoline, but with the increase in global market price this has only resulted in a minor price reduction in total. For diesel the price is still above that of last year.

It will be interesting to see if researchers will find any significant behavioral change from having half the fuel prices compared to nearby countries. Personally I doubt it will be a significant statistical difference, but it is a perfect time to get some real data if people treat fuel as a necessity and pay what the market demands, or if its a luxury product where consumption goes up and down based on price.