Gasoline prices, like prices of any commodity, are determined by many factors including supply-and-demand, government policy and even the weather. Gasoline is unique, however, because it is very nearly the only energy source used in transportation. Its monopoly on transportation amplifies the impact its price has on the economy. Low gas prices translate to more … Continue reading
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Desperation doesn’t look good on anyone, Newt
For all their qualities, politicians and the government are reviled by the public for their inability to deliver on campaign promises. Newt Gingrich has held elected office for long enough to be very aware of this fact. So why would he promise that he would lower the price of gas to $2.50 a gallon? My … Continue reading