A bill backed by House Democrats would give President Joe Biden authority to declare an energy emergency and ban excessive or exploitative fuel prices.
Politicians often take the heat for high gas prices, but they have little to do with what you pay at the pump.A closely divided House approved legislation Thursday to crack down on alleged price gouging by oil companies and other energy producers as prices at the pump continue to soar.authority to declare an energy emergency that would make it unlawful to increase gasoline and home energy fuel prices in an "excessive" or exploitative manner.
She called it "infuriating" that spikes in gas prices were "happening at the same time that gas and oil companies are making record profits and taking advantage of international crises to make a profit. This must stop.″The measure was approved, 217-207. Republicans unanimously opposed the bill, along with four Democrats.
Fuel prices at a gas station in New York, U.S., on Tuesday, May 17, 2022. Photographer: Stephanie Keith/Bloomberg via Getty Images "Big Oil is price gouging families because they can,'' said Rep. Katie Porter, D-Calif., another co-sponsor. "Enough is enough.''
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