As families gear up for summer vacations, the good news is that oil and gasoline prices are falling. The bad news? They’re still higher than they have to be.
Both Congress and the administration have failed to remove obstacles that would allow the market to respond more effectively to high oil prices. Here are 10 actions Congress can take to help lower gas prices in both the short and long terms:
The federal government should reform the framework for companies to extract and develop America’s untapped resources if a commercial interest exists. Increasing supply will help lower prices and generate much-needed economic activity.