Politicians give speeches about reducing the price of a gallon of gas. The free market, when allowed to be free, delivers.
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As Jimmy Carter hectored America and Bill Clinton raised taxes on gasoline and Obama gave speeches demanding higher taxes on energy producers, the price of gasoline and energy increased.
But far away from politicians’ speeches the market broke through like a blade of grass though cracks in concrete.
This year America’s oil producers will cut the American people a $550 check in the form of lower gas prices. Huge increases in American oil production have dropped the price of oil below $50 and the average price of gasoline to $2.10. Skyrocketing natural gas production is saving consumers hundreds of dollars and is protecting consumers from the costly Environmental Protection Agency’s (EPA) regulations on electricity production, particularly coal-powered plants. While the EPA takes, the market creates.