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Hare Fighting to Lower Gas Prices, Increase Investment in Renewable Energy

Press Release

Location: Kewanee, IL

Congressman Phil Hare (D-IL) today expressed deep concern about the rising price of gas and highlighted some of his efforts to ease the burden on motorists.

"Every single one of my constituents is feeling the pain at the pump," Hare said. "With gas prices threatening to hit $4.00 a gallon this spring, it is critical that we take the steps necessary to stop this crisis."

The average price of gas in Illinois is now $3.47 a gallon, a 136 percent increase since 2001. Meanwhile, ExxonMobil earned $40.6 billion in 2007—the largest corporate profit in American history.

In February, Hare voted to redirect $18 billion in tax cuts for oil companies into the production of renewable energy. "Oil and gas companies don't need our help—the American people do," Hare said. "Investing in renewable energy will directly benefit 17th District farmers and businesses and create thousands of new jobs in our region."

Last year, Hare voted for legislation to authorize the Justice Department to take legal action against OPEC state-controlled entities that participate in conspiracies to limit the supply or fix the price of oil. He also supported the Federal Price Gouging Prevention Act, a bill to give the Federal Trade Commission the authority to investigate and punish companies that artificially inflate the price of gas. All three measures (subsidies, OPEC, price gouging) passed the House but have languished in the Senate.

"Too many working families are continuing to struggle to fill up their tanks," Hare said. "It is time to act on their behalf and get these bills to the President's desk."

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