That said, I don’t agree with his points.

So the reality is that a cut in the gas tax, while causing a void in the road maintenance “trust fund” (sic, since it is NOT a trust fund), it would not effect the bottom line of the oil companies. They would not charge more in order to make up the difference.

That being said, there is no evidence that a loss in money going into the trust fund would impact any road maintenance projects. But it would cause us to run greater deficits.

A more entertaining proposal would be to cut the Fed tax in half from 18.x% to 9%.

I beg to differ… Scott Fluhr I’ll let you answer this one – you made your point so well during the podcast recording session last Saturday.

Here in Indianapolis the price of petrol ranges from $3.59 to $4.20 per gallon.

More importantly to the overall economy – diesel. Diesel is anywhere from $4.29 to $4.95 per gallon.

source: IndyGasPrices.com

“McCain wants to make a gift to the oil companies of all that tax money used for maintaining our interstate highways and bridges.”

Hmmm… I seem to recall he wanted a temporary holiday from the fuel tax. I don’t see anything there that would claim it would go to the Big Bad Evil Oil Companies. Or are you saying Big Oil is just evil and greedy? Oh right you’re reading from the DCCC talking points bulletin.

Uh, have you been asleep?

Here in Lancaster, PA, the price has dropped to $3.65 today; it got to $3.98 or $3.99 before it headed south when the crude oil prices dropped.

In Fort Wayne, it’s $.374 today at Meijer, at Sam’s, and at Speedway.

And what kind of action are you expecting, anyhow? McCain wants to make a gift to the oil companies of all that tax money used for maintaining our interstate highways and bridges. I know gas prices are high, but the last thing I need is to have a bridge collapse under me, like the one on Interstate 35W did. Three out of four bridges are structurally deficient!

If we have jobs, we can afford $4 gas – and we really need to put people to work for a couple of years, rebuilding bridges, highways, and other infrastructure. Not “makework”. Just critical work that’s overdue.