If we had an ounce of political ba**s, we'd put a dollar a gallon tax on gas. That would keep the oil price itself down, and more $$ would flow to the U.S. Treasury (which we certainly need) as opposed to into the hands of speculators, oil-producing countries and other profit-takers.
Yes, we could rebate the taxes back to low-income individuals to make that somewhat more neutral. We get what we deserve for voting for our politicians. High gas prices are the least of what we'll face over the next several years.
Yes, we could rebate the taxes back to low-income individuals to make that somewhat more neutral. We get what we deserve for voting for our politicians. High gas prices are the least of what we'll face over the next several years.