Federal Reserve Bank of Dallas (May 10, 2022) – The rise of U.S. retail gasoline prices in March 2022 has triggered a debate about whether U.S. oil companies are doing enough to rein in high gasoline prices and whether these companies should be held accountable for not increasing the production of crude oil. We take a closer look at the premises underlying this flawed argument. Simply put, it’s not the oil companies triggering high gas prices, it’s the policies.
It’s Not The Oil Companies To Blame For High Retail Gas Prices
