There is something the government can and should do to bring down the price of gasoline.
It should cut gasoline taxes, eliminate regulations mandating gasoline blends, and free energy companies to drill at will. These measures would contribute to increase the supply of gasoline and reduce its cost to consumers.
Moreover, all of these measures would be consistent with the government’s only proper role in the economy: protecting the rights and property of individuals.
”’David Holcberg is the head of the Ayn Rand Institute in Irvine, CA.”’