It would ultimately if we would commit to converting heavy trucks to run on nat gas instead of diesel. That would allow refineries to make more gasoline, increasing supply and lowering prices.
There’s a reason trucks run on diesel carry up to 300 gallons in their fuel tanks. Diesel is the highest BTU content fuel available. You don’t have enough room to store the natural gas BTU equivalent on a truck to make it from one refueling point to another or make deliveries to out of the way places and get back.
The hours of service fiasco are also a limitation on converting to natural gas for large trucks. There’s a shortage of parking places for truckers to get their rest now. I’m not saying you’d have to double up on truck stops but there would have to be more. You can’t pull a bunch of those rigs into the local 7/11 to refuel.
A better idea is to start building mutifuel cars and light trucks like Ford did once. That would sharply cut into the demand for gasoline and imported oil to produce it. That would kill worldwide support for high oil prices.
Check out House Bill 1380.