U.S. President Joe Biden is taking a lot of flack for the rise in gasoline prices. In the short term, there is not much the President can do to put a cap on prices at the pump. In the long term, however, the President can eye policies that will impact supply, and ultimately oil and gas prices. Last week a friend from Uganda told me that gasoline prices have risen by 50% there. I asked him who the people blame. “Our President.” So, there you have it. Uganda’s President is behind the rise in gasoline prices. Not really. But it goes to show that it is natural for any country to blame their leaders for increases in gasoline prices. As I have argued previously, there are few handles the U.S. President has that can impact gasoline prices in the short term. In the longer term, lots of policies can […]