Wednesday, July 19, 2006

McGuinty right on gas prices.

It strikes me that, for once, McGuinty is right -- in refusing to regulate gas prices. The problem isn't with those who sell gas -- ie., gas station owners -- but with those who control access to the supply (as detailed here). Price-fixing only pushes gas station owners closer to the red, as their supply costs won't be affected, but their revenue will be. It doesn't help solve the actual problem, which is that a commodity that our society relies on heavily is rapidly running out. Artifically fixing the prices will only delay the inevitable: namely, an end to (or significant limitation on) commuter culture and the development of different fuel sources.

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