By Collin Hansen
Over the holidays, you probably relished how gas prices largely returned to "normal." Prices higher than $2, $3, or even $4 per gallon just seems so un-American. So why are national opinion writers so diverse as Charles Krauthammer and Thomas Friedman pushing for increases in federal gas taxes?
It seems Americans have returned to their old habits. Friedman notes that more Americans purchased trucks and SUV's than cars in December. This reverses a trend toward more fuel-efficient vehicles that extended back to February 2008. You should be able to guess by now how this scenario will play out. Bigger vehicles means more demand for gas, which means gas prices will eventually return to the levels we saw in the summer of 2008. But by that time, the momentum for alternatives to gas-powered vehicles may have stalled yet again, leaving American consumers and their government at the mercy of foreign oil producers. "Have a nice day," Friedman writes. "It's morning again - in Saudi ...
1Support Our Work
Subscribe to CT for less than $4.25/month