Patti Domm of CNBC reports that energy expert Daniel Yergin is warning of an energy crisis that rivals the 1970s.
- The average price of gasoline has reached a record high of more than $4 per gallon.
- The United States has blocked imports of Russian gas, which could further increase costs in America.
- While gas prices are driven largely by international markets, the United States can alleviate some of these high costs by reducing regulations, increasing production, and authorizing key infrastructure projects such as pipelines.
Read the full article here.