Pingree, House Pass Legislation to Stop Price Gouging at the Gas Pump
Today, Congresswoman Chellie Pingree (D-Maine) and the U.S. House of Representatives passed legislation to stop price gouging at gas pumps. The Consumer Fuel Price Gouging Prevention Act, introduced by Reps. Kim Schrier, M.D. (D-Wash.) and Katie Porter (D-Calif), would give the President the power to issue an Energy Emergency Declaration that would make it unlawful to increase gasoline and home energy fuel prices in an excessive or exploitative manner.
“This week, gas prices in Maine reached record highs. In fact, AAA reports that Maine’s average gas price, $4.61, is now higher than the national average. And as hardworking Mainers feel the pinch at the pumps, gas and oil companies in the U.S. have been setting their own records—record profits. The greed is infuriating, and Big Oil must be held accountable,” said Congresswoman Pingree. “I was proud to help get this legislation passed today to curb corporate greed and give American consumers relief at the pump.”
In March, Pingree cosponsored the Stop Gas Price Gouging Tax and Rebate Act, which would curb profiteering by big oil companies and create a windfall profit tax on excessive corporate profits and return the revenue to American consumers in the form of a tax rebate.