"nothing can ever possibly be too cheap."
I hope you remember that when you are next negotiating your salary with your employer!
Ignoring the obvious logical errors of making ridiculous absolutist statements, gasoline needs to be more expensive to get people to use less of it. Gas right now is "too cheap" for americans, and to a lesser extent, canadians as well. This is why they waste it buying hummers, SUVs and not taking environmental concerns seriously by funding alternative methods of transport.
So it is precisely too cheap to 1) encourage alternative energy sources and 2) prompt people to cut greenhouse gas emissions and save us all from a runaway climate collapse.
For some perspective, gas hit $1.55/L today in british columbia (they are blaming iraq in the media). Using a value of .92 cents per US dollar and this site: http://boating.ncf.ca/convertg... i can see that we currently pay $5.40USD per US gallon.
I don't mind the cost of gas too much, as it makes me consider more how much I use the car instead of alternatives - no matter how distasteful the public bus system is to me personally. We all have to start sucking it up, and increasing gas prices is a great way to do that. Especially, as I have pointed out before, if your carbon tax is revenue neutral like the one in BC. This means that all of that particular tax revenues go right back to the citizens of BC.
More info: http://www.fin.gov.bc.ca/tbs/t...
We should obviously be taxing the corporations who profit from all this more as well, and using it similarly to fund the above. If we didn't want to go ahead and nationalize oil and gas companies, which would be my preferred course of action.
Companies should not profit on utilities. They should be owned by the people.