Exporting Oil Won’t Raise Gas Prices, Government Energy Agency Finds
After almost a year of falling oil prices, the public isn’t complaining about what it pays at the pump, and lawmakers want to keep it that way. So it’s understandable why Congress has tiptoed toward ending the 40-year-old oil export ban.
The biggest barrier to finally being rid of the ban is lawmakers’ fears that it will cause gasoline prices to rise, and they’ll be blamed.
Well, they shouldn’t worry.
There’s plenty of research already out there showing that gas prices won’t go up if the oil export ban is lifted:
The latest comes from the nonpartisan Energy Information Administration (EIA).
Read the article “Exporting Oil Won’t Raise Gas Prices, Government Energy Agency Finds” on uschamber.com.
