Eric Boehm of Reason responds to President Biden’s request to gas station owners.
- More than half of the gas stations in the United States are single store operations run by a single individual or family and have no say on the price of gas.
- Gas prices are set by global markets and supply and demand, not corporate greed.
- In the short term there is little that the president can do to reduce pain at the pump.
- To reduce prices in the long term, Biden should approve key infrastructure and pipeline projects and empower domestic energy producers.
Read the full article here.