US Gas (gasoline) Exports to China and Europe
As the price has risen over the last three years, US exports of gasoline to China, India, Europe and South America have tripled to 20 million gallons per day.
We'd like the gasoline to stay here and drive the price down. That's not gonna happen. No oil company will sell to you for less than China or Europe will pay. That means two things:
- Gasoline prices (before taxes) are set world wide.
- If Newt could bring the price down to $2.50 for the US he would also be bringing it down for China and Europe.
His unworkable plan is to bring the price down for the whole world.