Issue Position: Gas Prices

Issue Position

Issue Position: Gas Prices

Since 2001, the price of a gallon of regular gasoline in Ohio has risen more than 130-percent; and squeezing working families, businesses and our economy. This trend is clearly unsustainable.

There is no magic bullet. Bringing gas prices down will involve a series of steps. That is why I co-sponsored the Strategic Petroleum Reserve Fill Suspension and Consumer Protection Act (HR 5473). This legislation, which was signed into law, stops the administration from diverting oil to the Strategic Petroleum Reserve (SPR) and moves that fuel to the market which will increase our domestice supply. In addition, I've supported two other bills aimed at bringing relief at the pump. The first, H.R. 2264, the No Oil Producing and Exporting Cartels Act of 2007, stops oil companies from cheating consumers by authorizing the Justice Department to take legal action against OPEC-controlled entities that conspire to limit the supply or fix the price of oil. The second bill, the Federal Price Gouging Prevention Act (H.R. 1252), would give the Federal Trade Commission the authority to investigate and punish companies that artificially inflate the price of gasoline.

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