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Tuesday, May 06, 2008

If oil is going to $200, how does a gas tax holiday help?

By summer of 2010 oil prices could be $200?

So, let's say America is able to enjoy a gas tax holiday this summer and we all save $30.00 over the summer. Does that mean that big oil will have learned its lessons, and gas prices will slide back down towards $2.00? Will NOCs decide to give America some especially cheap oil, just for America?

If there is a good chance that oil prices are going to $200 (more), aren't gas prices probably going to go up in the future, not down? If so, shouldn't America be coming up with real solutions for the future? Shouldn't America be taking real action today to prepare for the future?

Instead of a gas tax holiday, why not new tax credits for fuel efficiency for the summer? Give consumers credits for buying smaller vehicles, hybrid cars, etc. Couldn't the auto industry use a little help anyway? Wouldn't that be a proactive way to help the economy, rather than promoting ideas that sound great, but cause more problems than we already have?

Labels: gas, gas tax, Hybrid Vehicles

posted by Dahcredyns at 8:41 AM

3 Comments:

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