Stearns to Chu: Last September you made a statement that somehow we have to boost the price of gasoline to the levels of Europe, which at the time exceeded $8 per gallon. As Secretary of Energy would you speak for or against any measures to raise the price of gasoline?
Chu: The Secretary of Energy, especially now in today's economic climate, would be completely unwise to want to increase the price of gasoline. We're looking forward to reducing the cost of transportation in the American family. This is done by encouraging more fuel efficient cars. This is done by developing alternative forms of fuel like biofuels that can lead to a separate source, an independent source of transportation fuel.
Stearns: You can't honestly believe that you want the American people to pay for gasoline at the prices the level in Europe.
Chu: No we don't.
Stearns: Your statement that gas prices ought to rise to the level of Europe, doesn't that sound a little bit silly, in retrospect, for you to say that?
[Source: SF Streetsblog]