By Karen Kerrigan
Following one of the busiest travel weekends of the year, Americans nationwide spent more on gasoline compared to years past to reach their holiday destinations. Back in Washington, President Biden faces growing political pain from high gas prices and has proposed a “holiday” of his own in the form of a temporary reprieve from the federal gas tax.
Will saving drivers 18 cents a gallon for a short period of time help? Perhaps, a little bit, but there’s much more President Biden can do to ensure lower energy prices over the long term for American families and small businesses. Here are five things the Biden administration could do right now.
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By greenlighting production in the Gulf of Mexico alone, the U.S. economy could have access to an additional 2.6 million barrels of oil and natural gas, helping to lower prices and providing greater energy security.
Karen Kerrigan has served as president & CEO of the Small Business & Entrepreneurship Council since 1994, and is founder of Women Entrepreneurs Inc.
Originally published at Fox Business, read the rest here.
For more on offshore drilling, click here.
For more on domestic oil and gas, click here.
For more on high energy prices, click here.