So you want to blame oil producers for the record high gasoline prices, huh? It’s what President Biden wants to do.
A new study, by of all groups, the Dallas Federal Reserve Bank, says there is no quick fix to the problem. Further, the study concluded that the high prices are not the result of any oil shortage or high oil prices and that the elevated retail gasoline prices must be attributed to events in the U.S. retail gasoline market “beyond the control of oil producers.”
It also determined that the high prices are not a sign of price gouging.
Click here for Bank study
