AP Fact Check: Drilling Doesn’t Reduce Gas Prices

Drill here, drill now, pay the same (via Think Progress).

A statistical analysis of 36 years of monthly, inflation-adjusted gasoline prices and U.S. domestic oil production by The Associated Press shows no statistical correlation between how much oil comes out of U.S. wells and the price at the pump.

If more domestic oil drilling worked as politicians say, you’d now be paying about $2 a gallon for gasoline. Instead, you’re paying the highest prices ever for March.

By: Alan

Alan Colmes is the publisher of Liberaland.