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Biden’s cure for high gasoline prices? The 2021 infrastructure bill
Philip Rossetti, a senior fellow on the R Street Institute’s energy project, agreed about the time frame.
“The bipartisan infrastructure package represents investments that will be made over the next few years and will do little to alleviate gas prices in the near term,” Rossetti said. “Even the transportation investments the president mentioned aren’t likely to reduce gasoline demand by much. High prices now are simply caused by a lot of demand and low supply, and the best path forward is to remove barriers to private sector investment.”