The current administration argued a few years back that it’s all in the hands of the market. This year’s spike in prices has seen Congress decrying price speculation, McCain arguing for a temporary end to gas taxes and under pressure to agree to drilling in the Arctic National Wildlife Refuge, and Obama opening the door to offshore drilling. And there are some folks who say six or even ten dollars a gallon is the right price to pay - if it leads to the end of dependence on oil.
This is prime presidential fodder - an issue that is emotional, environmental and economic. We have heard on past Think Out Loud shows how both the high price of gas and the uncertainty over where it will head hurt households of all stripes. (Reliable TOL sources also witnessed a bar fight that turned bloody over the price of gas.)
What is your right price of gas? How low do you want it to go? How high will you tolerate and for how long? How much of an issue is this for you in the presidential race?
- Jason Toews: Co-founder of Oregongasprices.com
- Bryce Ward: Senior economist at ECONorthwest
- Mike Overton: Temporarily laid off worker at an RV manufacturer
- Paul Cicio: President of Industrial Energy Consumers of America
- Michele Bachman: Republican congresswoman representing Minnesota’s 6th district