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Town Square

Gasoline prices, inflation and global warming-some thoughts

Original post made by Concerned in Palo Alto on Jul 7, 2007

Are gasoline prices being monitored by any agency in the government?
If not shouldn't they be? In the '70s gasoline shortages led to rising food prices and inflation in general. It costs more to transport merchandise, food, etc. so businesses are eventually forced to pass their higher costs on to the consumer. Why should one sector of the economy have so much power? Is greed behind higher gasoline prices? And here is another question - why don't gasoline companies get in the business of researching and selling alternative fuels, instead of trying to stop any progress in that direction. Oil reserves aren't limitless, especially if more of the world comes to depend on fossil fuels as much as we do. Wouldn't the smart thing be to see the possibility of expanding your own company's potential to diversify - how that not only would benefit you but could perhaps help to reduce the increased risk of global warming, and help the economy, too, by helping to control inflation and perhaps create jobs.

Comments

Posted by Angela Hey, a resident of Portola Valley: Brookside Park
on Jul 7, 2007 at 9:21 pm

Gas is extraordinarily cheap in the US compared with most other countries. Americans have been spoiled with low gas prices. Now is the time to get real and live like the rest of the world.

With a tax on gasoline the State could repair roads and invest in public transportation. I suspect that with a $2/gallon tax people would moan for a while, but they'd go without food, dining out, heat, cooling, sports clubs, coffees and more before they would give up on gasoline.

Even if prices rise as a result of rising fuel prices we are a nation of unusual luxuries in the US. For sure, some things might have to be sacrificed.

See Web Link

and for a historical perspective Web Link