Bethesda, Maryland (WiredPRNews.com) — People are nowadays looking forward to government in the hopes that they will do something to reduce the gas prices and provide relief of their burden. There are some items that are contributed by the government control policies and if these controls will be considered wisely by the government, there are chances that the prices will reduce.
It has been decided by the OPEC that it will be producing only that much quantity of oil which is little and easily fitting the needs without any intervention from the United States. But the developing countries will continue with the task of subsidizing their oil prices so as to help the developing economies and keep up with their high demands.
With the rise in gas prices, people are struggling to meet up with their basic requirements of gas usage. According to the experts, it is discussed that what all policies and steps should be taken by the government so as to help the consumers in the times to come. There are some steps that could be taken so as to make the gas price condition better.
These suggested policies include lifting the tariff of ethanol, easing the restrictions applied on refineries, limiting the practice of oil speculation and suspending the gas tax.
Wired Finance Reporter