What levers can the U.S. pull to control gas prices?

Key levers the U.S. could use to curb gasoline prices—strategic reserve releases, alternative shipping routes, and raising production—are constrained, limiting near-term relief despite a flexible global oil trade. Constraints on reserves, route bottlenecks and limited spare production capacity heighten upside risk to fuel prices and could feed through to inflation.

Analysis

Key levers the U.S. could use to curb gasoline prices—strategic reserve releases, alternative shipping routes, and raising production—are constrained, limiting near-term relief despite a flexible global oil trade. Constraints on reserves, route bottlenecks and limited spare production capacity heighten upside risk to fuel prices and could feed through to inflation.