Our congress thinks we are so stupid that we do not understand the laws of supply and demand. When there is more demand than supply, the prices go up. When there is more supply than demand, the prices go down.
YES, IT IS THAT SIMPLE!
DRILL HERE AND DRILL NOW. The gas prices would drop overnight.
Re: oil prices. I heard over Memorial Day that Americans drove 11% less this year than last. And yet the prices still went up... Kind of shoots a hole in the theory of if you don’t drive, the prices will drop.