Contrary to popular belief, high gasoline prices are good, and they are good precisely because high oil prices are very bad. I'll admit that doesn't sound right, but allow me to explain. I'll start with oil. Saudi Arabia, the country able to produce oil at the lowest cost, decided in 1986 to gain market share by increasing production. That caused the price of oil to collapse, and despite a momentary increase during the first Gulf War, oil prices remained low for the next 15 years.