After Deregulation, Would Petroleum Prices Rise?

The prices of these products will certainly not be as obtained now. However, the new prices will not be so high as to dig a big hole in the pockets of our compatriots. Remember that the new prices of products will be determined not by government fiat, but by the forces of supply and demand, and by competition. Competition, you know, has a way of forcing down prices. It also has a way of ensuring that companies have a tight rein on production cost such that wastes that could be passed on to consumers in form of high prices are eliminated.