Commentary
As the national average price of gasoline tops $5 per gallon, there are few reasons for optimism that gas prices will decline any time soon.
President Joe Biden, despite his recent remarks, has no good solution at his disposal to temper the rise of gasoline prices.
There are many culprits, some economic and others political. Longstanding Democratic policies against the energy industry have crippled U.S. producers, while Western decisions to sanction Russia have created an acute supply crunch. And unless the Biden Administration undos its entire energy policy, there are few levers available to the U.S. government within the current framework to mitigate gas prices….