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Biden Administration Expected to Reinstate Price Controls, Bringing Back 1970s Gas Lines, Experts Warn

By Emel Akan

Gas prices continue to rise, topping historic highs and there’s no imminent hope of relief in sight, according to sector analysts. The average price for a gallon of regular gasoline in the United States has now more than doubled since President Joe Biden took office.

Congressional Democrats and the Biden administration assert that a solution may be found by cracking down on Big Oil’s “excessive or exploitative” price increases at the pump.

Last month, House Democrats passed the Consumer Fuel Price Gouging Prevention Act, which empowers politicians and bureaucrats to bring civil action against gas companies who engage in “unconscionable pricing,” as defined by the bill…

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