Daren Bakst and Rachael Wolpert write about the impacts of high gas prices in The Daily Signal.
- High energy costs translate to every sector of the economy including food and retail.
- Low and middle income families are disproportionately impacted by these high prices because they have to spend a bigger share of their income on utility costs.
- While gas prices are largely determined by global markets, America’s leaders can implement reforms to reduce costs.
- By removing government-imposed barriers, investing in infrastructure such as pipelines and refineries, and allowing American companies to produce, policymakers can lower energy costs for consumers.
Read the full article here.