Tap oil reserves? That’s one idea ... raise cost of gas by adding taxes is another...

Editorial from the Santa Fe New Mexican.com - There's a certain appeal to Jeff Bingaman's call for tapping our nation's strategic petroleum reserve — and our state's senior senator is finding scattered support around Capitol Hill for selling off some of that stored-up oil as a way of slowing down or reversing the gasoline-price creep we're all feeling. Meanwhile, a Congress wrestling with next fiscal year's budget and the growing national debt should be considering another response to the squeeze on oil supplies and the market manipulations that come with it: Boost the gas tax by a bunch: 50 cents, maybe a dollar a gallon. Higher-priced gas might be unpopular, but it also might affect folks' motoring habits and most of the country, even the far-apart population of New Mexico, needs to ask itself "is this drive necessary?" Read more - News New Mexico

Tap oil reserves? That’s one idea ... raise cost of gas by adding taxes is another...