FACT: U.S. Drilling Doesn’t Lower Gas Prices
The ‘drill, baby, drill’ approach to energy won’t ease your pain at the pump according to an analysis by the Associated Press. In an article running in papers across the country, AP puts it simply: “…more U.S. drilling has not changed how deeply the gas pump drills into your wallet, math and history show.”
The AP’s findings are not surprising. Gasoline prices are subject to the global oil market that U.S. producers cannot control. Changes in the price at the pump do not follow U.S. oil supply trends. Read more.
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