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.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.