Lifting decades-old restrictions on exporting crude oil would result in higher production of oil in the United States — and lower gasoline prices by an average of 8 cents per gallon, according to a new study from IHS Inc., a consulting and information firm based in Douglas County.
The gasoline savings for motorists between 2016 through 2030, the time frame of the report, translate into an extra $265 billion in the pockets of U.S. consumers, according to the study, titled “U.S. Crude Oil Export…
Lifting decades-old restrictions on exporting crude oil would result in higher production of oil in the United States — and lower gasoline prices by an average of 8 cents per gallon, according to a new study from IHS Inc., a consulting and information firm based in Douglas County.
The gasoline savings for motorists between 2016 through 2030, the time frame of the report, translate into an extra $265 billion in the pockets of U.S. consumers, according to the study, titled “U.S. Crude Oil Export…