Consider gasoline would you favor price control so that you pay less than the current price $1 less 4 example?

The law of supply and demand works even with price controls. You pay when purchasing things with both money and time. If the price is fixed there is no motivation for suppliers to increase supply so the payments in time can become very high. That is there will be long lines to buy gas, and your payment for the $ saved is wasted time that is more valuable to most people that the $ per gallon saved and very inefficient for the economy.Consider gasoline would you favor price control so that you pay less than the current price $1 less 4 example?
This sounds like a good idea, but it would have some unpleasant consequences.





If you start controlling the price of gas, you drive a wedge between supply and demand. When gas gets expensive, you can drive up to any station and fill up your tank without waiting more than a few minutes. If you force gas to be cheaper, there will be less available and more people who want to buy it. Imagine waiting all day for the chance to get a few gallons.Consider gasoline would you favor price control so that you pay less than the current price $1 less 4 example?
I might want that but I also want to put a maximum amount they could charge also.