$3.50 GASOLINE PRICE

THE UNITED STATES WILL SET THE  NATIONAL PRICE FOR REGULAR GASOLINE AT $3.50 PER GALLON FOR 10 YEARS

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  • The current “Baseline” price (market price for regular gasoline) is around $2.50 and dropping…
  • Once a Natural Gas mandate is initiated, and Compressed Natural Gas (CNG) replaces much of the gasoline now consumed, the baseline price will continue to fall…
  • Establish a Demand/Supply/Consumption baseline, and classify the Major Oil Companies as Quasi – Utilities, subject to review and some regulation.
  • The Delta (Differential) between the baseline price and $3.50 would go into a new GSE (Government Sponsored Enterprise).

THE ABOVE PROPOSAL WOULD HAVE THE IMMEDIATE PRIMARY BENEFITS OF ADDRESSING AND SOLVING FOUR OF THE MOST IMPORTANT PROBLEMS FACING THE AMERICAN ECONOMY:

  1. Reduce our consumption of Foreign Oil;
  2. Fund the bailout, re-capitalization and restructuring of the Auto Industry;
  3. Increased Utilization of our own abundant Natural Gas resource (with the benefit of keeping U.S. Dollars in the U.S.)
  4. Funding the next generation of fuel/storage cells for the Electric Vehicles to be mass produced in 20 years.

The bailout and re-capitalization of the Auto Industry (GM in particular) should and will come with conditions, as any loan to a company or debtor in receivership:

 

  1. 50% of all new vehicles produced at the end of three years need to be equipped, coming as standard equipment, with an engine and tank to run on Compressed Natural Gas ( CNG ).
  2. Increase mileage efficiency for both gas and CNG vehicles.  

The GSE would set up a fund for the existing gas stations throughout the nation to install (over the next three years) underground tanks and pumps that would support CNG (…there are many programs like this already that pay for the single walled underground gasoline tanks to be replaced with double walled tanks, free at no cost to the station owner).

 

The GSE would also manage and supervise the funding of the necessary research to develop the next generation fuel cell and/or storage devises for the Electric Vehicles that we must have in 20 years.

 

THIS CAN AND SHOULD BE DONE FOR THE ECONOMIC AND ENVIRONMENTAL SECURTIY OF AMERICA AND THE WORLD.

 

PUBLIUS

 

 

 

 

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