Remember cutting gas demand by raising prices provides little supply to the poor/working poor...

[Blackhatjack]

With gasoline heading for $4/gal, keep in mind that raising the price to cut demand simply rations more gasoline supply to those rich enough to pay for it, and it effectively cuts off supply to those who cannot afford it.

The only fair way to allocate limited supply of gasoline is rationing, which would affect the poor/middle class/rich alike in sharing the burden.

And if gas hits $4/gal or higher you will still see large SUVs on the road getting 10 mpg because the rich can afford to pay the price.