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Why Bernie Sanders Is Wrong About Gas Prices
Why Bernie Sanders Is Wrong About Gas Prices
Authored by Robert Rapier via OilPrice.com,
Gasoline prices can diverge sharply from crude oil prices due to refining and logistical constraints.
Tight refinery capacity and geopolitical disruptions have created bottlenecks throughout the fuel supply chain.
Policies that discourage energy infrastructure investment could worsen future fuel price volatility.
When lawmakers propose solutions to complex economic problems, the first requirement should be a clear understanding of how those problems actually work.
A recent Facebook post by Bernie Sanders comparing today’s oil and gasoline prices to those in 2011 suggests...
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