American Energy & Infrastructure Jobs Act Addresses Soaring Gas Prices

If you’ve filled up your gas tank recently, chances are you’ve noticed gas prices are already going up again. In fact, the Los Angeles Times says prices at the pump are rising quickly and could reach “some of the highest levels ever this year.” Republicans have a plan to address high gas prices – and create more than a million new private-sector jobs in the process: the American Energy & Infrastructure Jobs Act.

“Gasoline prices could soon hit $4 a gallon,” reports ABC News. These high fuel costs are a drag on our still struggling economy, hurting families and making it harder for small businesses to hire new workers. To help ease prices, ABC highlights the need for an “increase in domestic gasoline production” to “lessen U.S. dependency on more expensive imported fuel.” The American Energy & Infrastructure Jobs Act removes government barriers that keep that from happening.

For example, the Republican plan requires approval of the popular Keystone XL pipeline which will create tens of thousands of jobs and carry oil from both Alberta and the Bakken formation in North Dakota and Montana to refineries on the Gulf Coast.

The bill also lifts President Obama’s moratorium on energy exploration and requires the administration to move forward on lease sales in the most resource-rich offshore areas. It opens a small portion of ANWR that was first set aside in 1980 for oil and natural gas development. And it opens up new western areas for oil shale production, and creates a clear set of rules to promote investment in oil shale.

Altogether these reforms will create more than a million new private-sector jobs. They will also help address rising gas prices which are reaching higher levels faster than ever before.

Learn more about the American Energy & Infrastructure Jobs Act – including its pro-growth reforms and the open process used to craft and amend the bill – at speaker.gov/energy.