Price of Gas

I was asking someone Saturday what the most important political issue for them was. He answered "the high price of gasoline!". That came as a surprise for me, since this person is a rather interesting outlaw/criminal (no offense meant). OK then, here is my take on gasoline prices. Adjusted for inflation (see my blog on ecomonics), gas prices have not gone up too much. If you were to eliminate the road taxes on it, the price would go down dramatically. Then get rid of the taxes on its production and transportation, and the price drops again. Then get the government out of the way of innovation in vehicle design and new fuels, and competition would likely reduce the price even more. Here is an article that explains the issue much better than I could. "One Dollar Gas" Read it and remember it when buying fuel.