The Shock of Gas Prices
This article, disucussing how some are calling on Congress to do something about high gas prices, is intresting in that there seems to be this feeling in Washington that consumers will consume less gas as prices continue to rise. I don’t know what it’s like for the rest of the country, but gas is $3.25/gallon in my neck of the woods, and that’s the highest we’ve ever seen it in our part of the world. The thing is, what choice do you have? As motorists in the article state, they have to drive to work each day; they have to get around for personal reasons. Granted, I think motorists can do more to reduce our need for gasoline such as purchasing vehicles that get high gas milegage, making the switch to hybrid cars when it’s possible (unfortunately, not an option I can afford right now), cutting down on unnecessary trips, car pooling, etc.
I also think Congress should do more to investigate the enormous profits currently enjoyed by oil companies. Why does gas have to be so high when these oil conglomerates are making billions of dollars in net income? Something is wrong there. I’m not a big fan of price controls, but I do believe there is somethign fishy with the enormous amounts of money oil companies are making off the backs of hard-working Americans.