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Nick Loris writes in The New York Post on how President Biden can reduce gas prices.
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- Gas prices are largely dependent on international markets and foreign production.
- Thus far Biden has attempted to lower gas prices by releasing oil from strategic reserves and asking other countries to increase production, both of which will provide short-term benefits.
- Reducing prices at the pump in the long term will require a multi-faceted approach that includes reducing regulations and green lighting pipeline projects to increase production.
- By pursuing these policies President Biden can reduce costs on consumers, boost our economy, and reduce global emissions.
“Working with our allies, American producers can be a global leader in supplying affordable gas prices and the international model for environmental and climate stewardship.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
