Gas Hike Threat

On Wednesday, May 6, 2009, COTTonLINE wrote of the dangers of the Obama administration raising gasoline prices via increased taxes. Here is the same idea raised by a senior CNNMoney writer, Peter Valdes-Dapena in an article for their website.

His basic thesis is that, instead of raising the CAFE or Corporate Average Fuel Economy standards, as President Obama is suggesting, we should do whatever is necessary to raise the cost of fuel. Here is a key graph:

Experts say what's needed is a rule that will raise fuel prices. The proposed rules deal only with vehicles being produced, without pushing changes in consumer behavior.

Dear friends with SUVs, pickups and RVs, don't say I didn't warn you.