How Lower Oil Prices Might Increase Demand The Senate brings up another bill aimed at lowering gas prices Tuesday, as Republicans tout a new slogan: "Find more. Use less." It's a paradox because finding more oil drives the price down, which encourages consumption. Efforts by Congress to lower gas prices may actually diminish incentives to lower oil consumption.
NPR logo

How Lower Oil Prices Might Increase Demand

  • Download
  • <iframe src="https://www.npr.org/player/embed/92768088/92768230" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
How Lower Oil Prices Might Increase Demand

How Lower Oil Prices Might Increase Demand

How Lower Oil Prices Might Increase Demand

  • Download
  • <iframe src="https://www.npr.org/player/embed/92768088/92768230" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The Senate brings up another bill aimed at lowering gas prices Tuesday, as Republicans tout a new slogan: "Find more. Use less." It's a paradox because finding more oil drives the price down, which encourages consumption. And despite talk of conservation, election-year efforts by Congress to lower gas prices may actually diminish incentives to lower oil consumption.

Related NPR Stories