WASHINGTON, March 5 (UPI) -- There's little any U.S. presidential administration can do to lower the price of gasoline dramatically in the domestic market, an expert said.
U.S. retail gasoline prices have followed oil prices upward amid tensions with Iran. Former House Speaker Newt Gingrich, a Republican candidate for president, has said he could get gasoline down to about $2 per gallon through a variety of domestic initiatives. U.S. President Barack Obama is facing pressure to tap into the Strategic Petroleum Reserve to settle market tensions.