Asked whether pump prices would drop, Bush said that would depend on supply and demand.
Ok, I'm no economist - not by a LONG shot. But here's my take on the whole gas situation...
Gas prices are going up. They will continue to go up because we've managed to keep gas prices low for so long that the pressure on the market has finally reached a boiling point.
Gas in Europe is upwards of $6 per gallon (roughly translated from the per litre price). SIX BUCKS per GALLON! Holy schnikies, batman! And we're bitching over $2.50 per gallon.
How about we stop driving our H2's and Excursions that get 10 miles to the gallon (on a GOOD day) and start using mass transit and hybrid vehicles instead? I'm sick of all of the whining that I hear on a DAILY basis about gas prices and how big of a strain it is on all of us.
Horse puckey (ala COL Potter).
I drive a mid-sized SUV. It gets decent gas mileage (about 15-18 miles to the gallon) and I try to limit my driving, drive with the a/c off as often as possible, keep the tires inflated properly, group my errands together - all to help minimize our gas consumption. We sold McGyver's Land Cruiser - primarily because it was a gas hog that got (on a GOOD day) 11 miles to the gallon. And now - in the interest of, once again minimizing our gas consumption, we've downsized to a Honda Civic hatchback that gets 30+ miles to the gallon. If I could afford a hybrid, I'd own one.
I'm all for President Bush working with the Saudi Arabian government to boost production and I'm completely in support of exploring our own oil reserves in Alaska. But to think that these 2 things will have much impact on the current increase in gas prices is ignorant.
Gas prices are going up due to naturally occuring inflationary forces. Gas prices are going up because our demand for it has not backed off even though the fever-pitch of our griping has increased ten-fold. Gas prices are going up because our refineries are at their limits (whether those limits are self-imposed...i.e. collusion between the petroleum companies...or due to facility limitations is the topic for another day).
We are no worse off than we were a decade ago...it just took 10 years for gas prices to catch up to us.
This is reality people. Adapt and overcome or be assimilated. Something like that. Ride your flipping bike to work or take the damn bus. But QUIT COMPLAINING unless you plan to DO something about it.
Linked to Greyhawk's "Open Post" at Muddville Gazette