As the rhetoric heats up this election season, I’m sure all sorts of blame will go around on gas prices. People will, again, suggest that we increase our domestic gas production (damaging the environment in the process) to try to lower those prices.
A statistical analysis of 36 years of monthly, inflation-adjusted gasoline prices and U.S. domestic oil production by The Associated Press shows no statistical correlation between how much oil comes out of U.S. wells and the price at the pump.
View the Minnesota Public Radio article for more details.
