Overview for gas-prices

Post-Auto America?

The Wall Street Journal reports this morning (in the print edition) that Americans drove 14% fewer miles in June 2011 than June 2010. This marks the fourth consecutive year-over-year reduction in driving mileage. The bad economy explains much of the decline: unemployed people don't commute to …

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Written by David Frum on Tuesday September 6, 2011

Bachmann's Best Promise: $2 Gas

I have been quite critical of Michele Bachmann lately, but I will defend her whenever she is attacked unfairly. She has just promised that if elected she would bring the price of gas below $2 per gallon. This promise has been met with widespread derision, and even conservative outlets such as …

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Written by Andrew Pavelyev on Thursday August 18, 2011

Obama's Cynical Drilling Drive

Obama's decision to expand U.S. oil production might be smart politically, but it won't do anything to reduce gas prices. What President Obama’s Saturday radio address should have said: "My fellow Americans. Today, I am directing the Department of the Interior to conduct annual lease sales in …

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Written by Jim DiPeso on Monday May 16, 2011

GOP Energy Bills Won't Save You at the Pump

Republicans have applauded the passage of energy bills to address skyrocketing gas prices but conservative economists say they will have minimal impact. Even as Republican Congressmen applauded the passage of three energy bills they said would address skyrocketing gas prices, conservative …

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Written by Tim Mak on Friday May 13, 2011

Washington's Gas Price Blame Game

Both parties have responded to the gas price debate with the same old rhetoric: blaming greedy speculators or regulations on domestic drilling. Here we go again: Gasoline prices are dancing at or above $4 per gallon, and politicians on both sides of the aisle are dusting off tried-and-true …

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Written by Jim DiPeso on Tuesday April 26, 2011

The Spill Washington Forgot

One year after the worst oil spill in American history, Washington's shrugged off the disaster and is ready to push for more drilling to counter rising gas prices. After the 1969 Santa Barbara well blowout that smeared 100, 000 barrels of oil along California’s picturesque central coast, the …

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Written by David Jenkins on Thursday April 21, 2011