Oil demand is nearly inelastic

Quote from empee:

Probably, but I think its far more psychological. Its the pain at the pump, I always over emphasize how much it is costing me.. maybe an extra $500 or $1000 not much, but it seems like its far more when your pumping gas :)

Yeah ive forgot about the psychological factor.

Which car u drive? I have a 1.4Litre "twin charger" supercharger+turbo. Goes forever on one tank.
 
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