Nope, more drilling won’t bring back $2.50 gasoline

[B’ Spokes: I’ll note this is bike related as far as it is part of the conversations of the House Transportation Bill that has nixed bike/ped funding. This is also a more factual response then my Brew Baby, Brew! article https://www.baltimorespokes.org/article.php?story=20120301142515382 ]
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by Brad Plumer, Washington Post
On the campaign trail, Newt Gingrich keeps insisting that if America drilled for more oil, we could return to the days of $2.50-per-gallon gasoline. Michael Conathan says this is dubious, noting that drilling has been booming since 2009, yet gas prices keep rising:
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https://www.washingtonpost.com/blogs/ezra-klein/post/why-more-drilling-wont-lower-gas-prices/2012/03/01/gIQALNBtkR_blog.html?wprss=linkset