Rising Gas Prices and US Energy Policy
The US Senate expresses its view that President Biden's policies since January 2021, hindering domestic energy production, have contributed to a steady increase in gas prices. Citizens may feel this through higher fuel costs for vehicles and potentially more expensive transported goods.
Key points
Gas prices increased from $2.11 per gallon in November 2020 to $3.61 in February 2022.
Keystone XL pipeline permit revoked and new oil and gas leases on public lands paused.
New regulations on oil and gas production introduced, including assessing a social cost of carbon.
Requirement for at least 50% of new car sales to be zero-emission vehicles by 2030.
Goal to achieve a carbon-free electricity sector by 2035 and net-zero emissions economy-wide by 2050.
Expired
Citizen Poll