Too high? Too low?

The media created a frenzy over high gas prices. What do they do when prices drop? You guessed it: more fear-mongering. From MSNBC:

If [the big three's] fears come true, gas prices will be so low when they start rolling out the cars next year that people won’t buy them and all the high-priced research will have gone to waste.

And the solution, as usual, is more government. Hold on to your wallet.

The fear of producing the wrong cars has created a whisper campaign, with industry officials saying they may approach the incoming Obama administration about raising the federal gasoline tax or setting up a system that keeps the price of oil above a certain level.

If nothing else, this serves as solid proof that pro-business and pro-market are not synonymous.

“It makes life very difficult if the market gyrates wildly over the course of several months, and that’s exactly what we’ve seen happen,” Ford Executive Chairman Bill Ford Jr. said in a recent interview with The Associated Press.

[HT: Kate]