We went under the $1.50 mark for a gallon a gas last week. St. Louis has the least expensive gas in the country. Good for us right? I am really not sure if cheap gas is what we need in this country. My issue is our dependence on foreign oil. I would guess the reason we are dependent is that it's cheap. The free market dictates that given all things equal price prevails. Unfortunately "all things" are not equal. The American people however think they are.....We have again and again proved that buying American made products that keep jobs in this country are great....but not when I buy...I want the least expensive price for the best quality goods. Gas is in the same predicament. The amount of wealth that leaves this country everyday is unbelievable. The real scary thing is that the people the money goes to, are mostly not friendly to the United States.
There was discussion of having a floating tax on gas. It would work the following way; There would be an artificial floor price on gas. Let's call it $3.50. Let the markets work as they always do. Whenever the price went below $3.50, the price of gas would still be at $3.50 sending revenue to the Government to allocate to alternative energy. This may sound very strange from a right wing capitalist, but the energy issue is a complicated issue. We need to be "forced" to stand together.
By having an artifically high gas price, we would be forced ...or as I look at it, be given the opportunity to change our ways.
The news that brought this to mind today was an article in Business Week. Edmunds, the Internet based used car site, reported that searched of SUV's on their site have jumped to an average of 1.5 million searches last week as compared to an average of 750k a week for the past quarter. It's amazing how quickly the "ME" generation can get back in swing.
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