The Political Ritual of Rising Gas Prices Gasoline prices are one of the most visible economic signals in American life. You see them every morning on the way to work. They glow in bright numbers on every street corner. And when those numbers climb, voters notice immediately. Politicians know this. Which is why the moment prices rise, familiar voices step forward demanding action. Recently, Senate Majority Leader Chuck Schumer and other Democrats called on the federal government to release oil from the Strategic Petroleum Reserve in order to bring down fuel costs. It’s a predictable move. High gas prices create political pressure. Calling for an SPR release creates the appearance of leadership. But appearance and effectiveness are two very different…

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