Many countries control the price of motor fuels. This got their budgets into deep trouble in the first half of 2008. The high price of oil caused massive budget blowouts. Malaysia, Indonesia, China and India among various others faced the politically painful necessity of raising gasoline and diesel prices or face deep budget cuts. Yes, the parking lot is Giant too! Cheap fuel, cheap cars and cheap parking have helped create a remarkably car-dependent landscape in Malaysia's urban areas. But what should these countries do now that the price of oil is way down near US$50 per barrel? Unfortunately some are cutting fuel prices again. The Indonesian Government will cut the price of gasoline from Rp6000 to Rp5500 per litre on Monday. India probably will in late December. Malaysia has already cut the price four times since its big June price rise. Isn't this a bit short-sighted? We all know how hard it will be to raise prices again if (or when) oil prices rise again. Would it n...