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Page added on March 30, 2007

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Government should keep hands off oil prices

In response to recent rises in gas prices, we are once again hearing calls for the government to “do something” to force prices lower. But no matter what the price of gasoline is, such calls are wrong.

All market fluctuations in the price of gasoline, up or down, are a good thing — and none of the government’s business.

When customers’ demand for gasoline increases relative to the supply, the sellers of gasoline raise their prices. As the producers and owners of gasoline, this is their right — and we should be glad that they exercise it.


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