China to Stop Oil Subsidies

Finally a break in sight for high gas prices?  China announced today it will stop paying a portion of it's citizens fuel bill.  The Chinese will now bear the brunt of increased fuel costs like we have been doing in the states.  India is also guilty of this and hopefully they will do the same soon.  The increased cost id killing the governments financially.  I always preach free markets work best.  This means heeping governments out.  The oil futures took a big drop today.  I am very curious to see what happens the next few months.