This Election Year, Your Energy and Appliance Prices Are on the Ballot

Biden’s policies would continue to make fuel and goods expensive. Republican candidates’ proposals would help reduce their cost.

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Gasoline prices are displayed at an Exxon gas station behind American flag in Edgewater, N.J., June 14, 2022.

Mike Segar/Reuters

Although Americans know that 2024 is an election year, they might not know that energy is on the ballot. The election’s outcome will determine the amount people will pay for gasoline and electricity; what appliances they are allowed to buy, and their cost; what kind of new and used cars will be in dealer showrooms, and at what prices; and how much power China will wield over America’s supply chain.

Congress passes major energy bills, but the president has ultimate authority when it comes to how much you pay for electricity and transportation through regulations enacted by individual agencies.

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About the Author

Diana Furchtgott-Roth

Diana Furchtgott-Roth is a distinguished fellow at the Energy Policy Research Foundation and a former deputy assistant secretary for research and technology at the U.S. Department of Transportation. She serves on the advisory board of Tern, which provides GPS backup solutions through a signal-independent navigation system.

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