Both McCain and Clinton have talked about lowering gas taxes.
But, higher gas prices result in consumers reducing their consumption. They drive less or they trade in their gas guzzlers for more fuel efficient vehicles. Autoblog has a post on the impact of high gas prices on the SUV market:
The rocketing cost of gasoline, and diesel fuel, is having a ripple effect on the SUV market. With consumers trading in their behemoths by the thousands in exchange for more frugal transportation, dealers are stuck with a surplus of unwanted sport-utes sitting on their lots with values dissolving.
You can’t be for reducing the national carbon footprint and against high gas prices without being a hypocrite or a fool, or both.
The real solution to higher gas prices is summed up in Robert Samuelson’s column in the Washington Post:
It may surprise Americans to discover that the United States is the third-largest oil producer, behind Saudi Arabia and Russia. We could be producing more, but Congress has put large areas of potential supply off-limits. These include the Atlantic and Pacific coasts and parts of Alaska and the Gulf of Mexico. By government estimates, these areas may contain 25 billion to 30 billion barrels of oil (against about 30 billion barrels of proven U.S. reserves today) and 80 trillion cubic feet or more of natural gas (compared with about 200 tcf of proven reserves).
What keeps these areas closed are exaggerated environmental fears, strong prejudice against oil companies and sheer stupidity. Americans favor both “energy independence” and cheap fuel. They deplore imports — who wants to pay foreigners? — but oppose more production in the United States. Got it? The result is a “no-pain energy agenda that sounds appealing but has no basis in reality,” writes Robert Bryce in “Gusher of Lies: The Dangerous Delusions of ‘Energy Independence.’ ”
Unsurprisingly, all three major presidential candidates tout “energy independence.” This reflects either ignorance (unlikely) or pandering (probable).
You can’t be for energy independence and against drilling in the US without being a hypocrite or a fool, or both.