Nick Loris writes in The New York Post on how President Biden can reduce gas prices.
- 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.