You can have price stability or you can have cheap gas, take your pick. But you can't have them both. Just like the agricultural price support programs, to keep prices stable you need to keep prices higher than the free market price and control supply to prevent overproduction.
Higher fuel prices encourage exploration, particularly domestic production. It's difficult to make money drilling for $50/barrel oil.
Higher fuel prices also reduce demand. Combine lower demand with higher domestic production and you start to reduce the horrific trade imbalance we have with the oil-producing countries.
Just because something is good for you personally doesn't necessarily make it good for the US economy.
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Today's Featured Article - A Farmall Restoration Story - What's Been Done So Far - by Sean Brinston. This is a story of my first real tractor restoration. My name is Sean Brinston and I was 15 almost 16 at the time of this.My neighbour directly across the road who I had helped with hay all the time had this tractor sitiing at his house for what I thought was 6 years. Finally I got the money and courage to ask him. I phoned him and he said it was already sold, eight years ago!
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