Gas Price Floor

Energy expert Severin Borenstein suggests a novel strategy to ensure California drivers don't lose their gas-saving habits and vehicle preferences learned when gas cost $4.50/gallon - a 'variable gas surcharge' to stabilize gas prices at $3/gallon.

Conservative columnist Charles Krauthammer notes high gas prices are doing what Congress has taken decades to do – make the vehicle fleet more fuel efficient. He sees Congress repeating the mistake now with cap and trade - instead of gas taxes.