Friday, June 1

The reason for higher gas prices

Gasoline markets today are the result of almost a hundred years of conflicting regulatory policies, which have left them dangerously fragmented[;1] the unintended consequences of regulation that have pushed the United States into a series of loosely connected regional markets rather than a broad, deep national market. This fragmentation leaves the American economy is vulnerable to natural disasters, terrorist attacks, and foreign dictators in ways that it need not be. It also produces higher prices for consumers and reduced innovation by refiners.

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