Oil

I want to point out to all those who will bitch about the high price of oil that although gas pricres have hit $3 a gallon in some cities, in Britain or Germany motorists pay around $6 a gallon. The United States uses roughly 50% more oil per dollar of GDP than the European Union, largely because consumers pay less.

What is the best long-term solution--higher gas taxes in the United States. Yet, we prefer fuel-economy regulations to higher gas taxes. I am thinking the regulations have not worked since oil efficiency in the United States is at a 20-year low. The longer the United States puts off the oil problem, the worse the answer will be for all Americans.