THE GAS-PRICE PROBLEM
Jul 16, 2022
3 minutes
BY GREGORY BREW
![220725vlede_049](https://article-imgs.scribdassets.com/9bk7r6xurk9y8rhg/images/fileX1IIAVF7.jpg)
By mid-June, the U.S. average price of gasoline reached a historic high of $5 per gallon. An avalanche of accusations across the political spectrum followed. Democrats blamed oil companies for gouging consumers to boost profits. Republicans countered that the high prices were due to President Biden’s energy policies that discourage domestic oil production. Neither side understands the crisis.
In truth, a complex array of economic, political, and geopolitical factors have converged to cause the national
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