Commentary
From January 2020 to April 2022, the price of a gallon of gas in the U.S. increased 64 percent from $2.58 to $4.22. That’s seven times faster than the increase in the Consumer Price Index (CPI).
A man pumps gas in Irvine, Calif., on April 1, 2022. John Fredricks/The Epoch Times
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James L. Doti
Author
Dr. James L. Doti is president emeritus and professor of economics at Chapman University. He earned his M.A. and Ph.D. degrees from the University of Chicago, where he was an Edward Hilman and National Science Foundation Fellow. He joined Chapman University in 1974 and in 1978, founded the University’s A. Gary Anderson Center for Economic Research.
