One thing that would immediately lower gas prices in this country is if the EPA would impose a single, nationwide fuel blend. As it stands, there are at least a hundred different such blends required by different state and local pollution control laws. This creates the obvious "partitioned-supply" problem that you inevitably end up with too much of the one you don't need and not enough of some other. I expect that even if the most stringent (California?) standard were put in place that it would end up being cheaper for almost everyone and the people for whom its more expensive (Iowa?) would pay a very small premium. I think the Saudis have even told us as much! RE: How high will gasoline prices go? Maybe $3
How high will gasoline prices go? Maybe $3 |