What Obama and Ben Bernanke Should Do About Gas Prices

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The main tennet of the article is patently absurd. The IMF paper cited shows that low interest rates leads to a increase in the demand for oil. This is because low interest rates increase economic activity in general (duh). So the author seems to suggest that to lower gas prices we should throw the country back into a recession (which would probably work although I´m not sure the people that lost their jobs as a result would appreciate the lower gas price).

philistine 7:35AM April 19, 2012

Will the price at the pump really go down? Why would a gas company ask you to pay less when it knows it can get at least $3.00 a gallon? Supplying more oil will only slow the inevitable increase in oil prices. Plus everything made in America is taxed in some way, making production very expensive.

Wesley of AL 2:16PM March 05, 2012