Editorial: The gasoline hearing

There has never been a better time for a Senate committee to hear testimony on the rising price of gasoline, and there has never been a worse time. There has never been a better opportunity than the one at hand to act constructively on a matter of supreme national importance, and there has never been greater potential for official misstep.A decade and a half of low vehicle fuel prices ended before Hurricane Katrina devastated the Gulf Coast, idling frightfully much oil and gas production and refining capacity. It was a decade and a half of growth in the national economy, in personal incomes, in vehicle size; a period of steady growth in demand for gasoline and diesel fuel; a period in whi...

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