Rep. Ro Khanna gives a detailed list of his thoughts on what steps can be taken to lower gas prices nationwide. Representative Khanna joined the Live Show on July 22, 2022.
RO KHANNA: There are other things we can do to lower gas prices. Three things we could do is ban the export of oil and gas, except to our allies. We could have an oil windfall profits tax and put that money back in the pockets of working class folks. And I've suggested months ago that the federal government should be buying at the dip and then selling back at a subsidized price.
If the president took those actions, we could lower the price of gas. Separately, he needs to take a bold climate action. And a lot of that is just funding solar and wind, which he'll be able to do if he has the climate emergency. Remember, Trump declared the emergency on the border. I certainly think climate is an emergency.