Gas Boycott a Hoax

By  | 

If you've checked your inbox lately, you've probably heard of an email-driven gas boycott proposed for May 19. The boycott's organizers say a one-day boycott of certain oil companies on the same day would drive down demand, and subsequently the price of gas.

But WKU economist Dr. Catherine Carey says the only way to affect the price of gas would be through long-term behavior changes.

"The only way to significantly get oil prices or gas prices down is to significantly decrease demand for gas. That means getting smaller cars, getting lighter cars, getting more fuel-efficient cars, moving closer to work, things that occur over time. A one-day boycott is not going to have significant impact over profits for oil companies in general," Carey said.