Despite repeated efforts, the cost of gas prices are increasing in the US and with election due soon President Bush is trying his best to win over the situation.



With prices touching $3-plus for gasoline, Bush has called for suspending shipments to the nation’s Strategic Petroleum Reserve and temporary suspension of environmental regulations for cleaner-burning fuel to boost supply and cut oil prices. BUt, he has rejected the needed proposal for a tougher federally mandated fuel-economy standards for cars, trucks and SUVs which could serve a long way to reduce this crisis. His tax cut incentive to buyers of a hybrid vehicle such as Toyota’s Prius this year will cover very little of the population serving very little purpose.



And his order to suspend oil shipments to the strategic oil reserve will only increase domestic supply by less than 1 percent to which Philip K. Verleger, an Aspen, Colorado based oil consultant, views as , ‘more or less like prescribing aspirin to take care of prostate cancer’.



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