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Thursday, October 29, 2026Oct 29

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Are gas prices too low?

In 2009, the Obama administration appointed Dan Akerson to the board of General Motors. Then last year, Akerson went on to become CEO of GM. Now, unfortunately, he has joined the Obama administration’s call for higher gas prices.

Yes, you read that correctly: The administration and the head of GM alike think that higher gas prices would be a good thing.

Speaking with The Detroit News, Akerson declared, “[W]e ought to just slap a 50 cent or a dollar tax on a gallon of gas.”

Like the Obama administration, Akerson believes that if Washington artificially raises gas prices, more Americans will buy cars that get better gas mileage.

However, he is not quite so extreme in that view as U.S. Secretary of Energy Steven Chu.