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 - Buying your first tractor: Choosing the right one - by Chris Pratt. They cost less than the tax on a new tractor (at least where we live). They have the weight to do the job. They are simple and understandable. They even have a history and can be restored to become a major source of pride and enjoyment. But how do you know what to buy and how do you make the right purchase? There is a surprising number of machines available in every shape and size imaginable. Like most things in life, your needs have a lot to do with wh
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