Editorial: A fuel price warning

The US Energy Information Administration last month issued an important warning not likely to have made for fun reading in Congress. In guarded language, EIA put the US on notice about “surges” and “volatility” in the price of gasoline this summer.As everyone knows, Congress dislikes high gasoline prices. When gasoline prices rise, Congress reflexively seeks someone to blame. It holds hearings. Committee members hurl accusatory questions at oil industry representatives in front of television cameras, oblivious to answers. So can Congress grill itself at one of these inquisitions? The question arises because Congress created the jam about which EIA warned. Come summ...

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