What will happen with price of gas?

Oil prices slumped below $64 a barrel on Monday. When oil prices went crazy last time it was all on speculation. Will prices drop low - again on speculation? It sounds like the word-on-the-street is that speculators are planning on making more money by pushing the price of gasoline down.

This is great for consumers if this is true. It would equivalent to about $2/gallon of gasoline. That would help every one's budgets.

Ford Executive Chairman Bill Ford and Auto Nation CEO Mike Jackson were just two voices that spoke out in favor of a higher gas tax earlier this year. If gas taxes do increase - consumer will NOT see a savings at the pump.

"Per The Wall Street Journal: which maintains that a higher gas tax isn't just a good way to encourage sensible car purchases, it also stands to be helpful in saving troubled domestic automakers like General Motors."

"The federal fuel tax is highest on the most efficient fuel (diesel) and below zero on the least efficient fuel (ethanol). Cars get about 30% better mileage on diesel than on gasoline, and cars running mainly on gasoline get about 30% better mileage than they would using 85% ethanol."

If the Cap & Trade and the new Energy Policy pass the House and Senate you will see severe gas taxes - more than we can imagine.

So what are these "super high" gas taxes to be used for anyway - it would add funds to the depleted federal highway trust. And force consumer that do have money and need cars to consider hybrid cars.

Since GM, is already under government control, this would push us to buy the cars that the government wants us to buy and not vehicles we want. Nothing like controlling the auto industry, oil and everything else in our lives. If this is the change you wanted - then you got it.

If consumera would purchase diesel power vehicles, which are clean burning low-sulfer vehicles we would save 1.3 million gallons of oil. That is what we import annually. That would help everyone.

Please tell your representatives that we - the one that voted you into office - DO NOT WANT THE ENERGY BILL or CAP AND TRADE TO PASS!

If we fail to send a message it will cost YOU $3300 per family of which much of this is a carbon tax and fuel taxes.

There must be other ways - but more taxes on an already down economy is asking for a larger disaster!