Is Biden To Blame For Soaring Gasoline Prices?

One year ago this week I wrote an article that turned out to be my most popular Forbes article ever: Who Is To Blame For Rising Gasoline Prices? The article got more than a million views, and spawned a large amount of feedback. A year later, the same dynamic I wrote about then is still responsible for most — but not all — of the gasoline price increase we have seen over the past 18 months. The Covid Effect To recap, just before the Covid-19 pandemic, U.S. oil production hit an all-time high of about 13 million barrels per day (BPD).…