Breck Dumas of Fox Business talks with Nick Loris on how the government can reduce gas prices.
- To lower prices at the pump the supply of gasoline must increase.
- While U.S. producers are expected to break energy production records by the end of this year, the Biden administration can accelerate price decreases by reforming several regulations.
- Specifically the federal government could pause summer blend requirements for gas and state governments could suspend gas taxes.
- By reducing regulations to increase fuel production in America policymakers can benefit consumers, the environment, and our economy alike.
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