First, the prices of all fuels, particularly petroleum-based fuels, are interlinked. Gasoline, diesel, kerosene, jet fuel all come from crude oil; refineries start with a barrel of crude and decide how much of each distillate to make. One way or another, it all gets back to the price of crude oil. Even the prices of non-petroleum-based fuels (coal and ethanol, for example) rise and fall with the price of crude oil. Likewise with natural gas.
There is a common belief that high fuel prices are bad. This is not necessarily so. Higher fuel prices encourage conservation, which is not a bad thing when you consider that there's only so much oil left. Not to mention the effect of fossil fuels on our environment. Higher fuel prices also increase oil exploration. Ask somebody who's working in the oil fields today if they'd like to go back to the cheap oil of the '80s and '90s. High fuel prices have created a lot of domestic jobs at time when our economy needs them badly.
You don't say how you propose to lower fuel prices. Would you have price controls? Any economist will tell you that, in the long run, price controls lead to shortages. Or would you eliminate taxes on fuel? If so, how would you propose to make up the lost revenue? Or would you subsidize the price of fuel? That's what we have today with ethanol production; it has resulted in, among other things, historically high grain prices which certainly has benefited farmers but has led to other unintended consequences. (For example, there is a shortage of hops, a key ingredient in BEER, due partly to the conversion of hops acreage to corn.)
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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