There’s No Immediate Cure For Sky-High Gasoline Prices

Since gasoline prices started surging at the end of last year, the U.S. Administration has been saying that it would consider and potentially use every tool at its disposal to lower prices at the pump. The problem for the Biden Administration—and for U.S. drivers—is that there isn’t a short-term solution to skyrocketing gasoline prices that set new record-highs day after day.

   Every tool at Biden’s disposal has its own drawbacks and political consequences, and every move the Administration is studying is unlikely…