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The Answer To High Gas Prices

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The Answer To High Gas Prices

Short-Sighted Government Regulations to Blame for the Season’s Soaring Prices

Washington, D.C., April 23, 2002 — With the summer travel season approaching, many Americans are asking themselves what is responsible for the sharp rise in gas prices in recent weeks – currently an average of $1.41 for regular and $1.55 for premium around the country.  <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Politicians and pundits have placed the blame on instability in the Middle East and Iraq’s decision to temporarily suspend oil exports, but some of the answer also lies with the government itself.  Unbeknownst to most Americans, the federal government’s web of rules regulating gasoline blends have made it impossible to produce the affordable gas and diesel consumers had come to expect.  For an insider’s view on what’s behind high gas prices, contact the energy experts of the Competitive Enterprise Institute.

Energy Experts Available for Interviews

Ben LiebermanSenior Policy Analystblieberman@cei.org Recently seen and heard on: Voice of America,Bloomberg Radio, and the editorial pages of theChicago Sun-Times and the New York Post.

CEI, a non-profit, non-partisan public policy group founded in 1984, is dedicated to the principles of free enterprise and limited government.  For more information, please visit our website at www.cei.org.