The Answer to High Summer Gas Prices
Washington, DC, June 4, 2001— With the nation’s energy crisis deepening and summer travel season beginning, many Americans are asking themselves what is responsible for some of the highest gas prices in recent memory – from $1.89 for regular in New York to $2.31 for premium in San Francisco.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Politicians and pundits have tried to place the blame on everything from OPEC to price-gouging by oil companies, but the real answer lies with the government itself. Unbeknownst to most Americans, the federal government’s web of gasoline regulations have made it impossible to produce the affordable gas consumers have come to expect. For an insider’s view on what’s behind gas prices, the energy crisis, and the Bush administration’s plan to solve it, contact the energy experts of the Competitive Enterprise Institute.
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