John Irons's Blog

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Economic News, Data and Analysis

Gas prices

With Obama out of the country, there’s not been much econ discussion recently. But here is McCain blaming Obama for higher gas prices.
Seems like a wee-bit of a stretch to me. Obama’s campaign response points out that McCain has been the one in Washington for over 25 years and has opposed investments in renewable energy and opposed increases in fuel efficiency standards.
McCain’s “solutions” – an increases in drilling and a temporary reduction in the gas tax would have little or no impact on prices, and would do nothing to wean the US off of carbon-based fuels.

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