Lifting Crude Oil Ban Means Lower Gasoline Prices

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Date

Dec. 21, 2015

News Type

Media Highlight

Source

Phys.org

"Lifting the ban on crude oil exports will reduce gasoline prices in the United States, according to an analysis co-written by Charles Mason, the H.A. True Chair in Petroleum and Natural Gas Economics at the University of Wyoming. As both houses of Congress have passed a budget bill that lifts the 40-year ban on crude exports that began in reaction to the oil embargo of the 1970s, Mason and other experts analyzed the effects this would have on gasoline prices in a report published by Resources for the Future (RFF)."

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