Ish. Gas prices fall because people don’t drive as much. The whole supply-and-demand thing.
In this particular instance, everyone who is into Trucking knows that logistics / truckers are losing jobs left-and-right. We are already in a “freight recession” (sector-wide recession), no promises it spreads to the general economy. But when truckers enter a recession, there’s less taxes because less gasoline is being consumed.
That’s why people fear falling gas prices. Because it means the economic engines (trucking, freight, deliveries) are slowing down. And that absolutely has an effect on taxes. Even fixed-taxes like gas taxes.
Ish. Gas prices fall because people don’t drive as much. The whole supply-and-demand thing.
In this particular instance, everyone who is into Trucking knows that logistics / truckers are losing jobs left-and-right. We are already in a “freight recession” (sector-wide recession), no promises it spreads to the general economy. But when truckers enter a recession, there’s less taxes because less gasoline is being consumed.
That’s why people fear falling gas prices. Because it means the economic engines (trucking, freight, deliveries) are slowing down. And that absolutely has an effect on taxes. Even fixed-taxes like gas taxes.