Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

U.S. Lawmakers To Review Gasoline Prices

WASHINGTON (UPI) — The U.S. House of Representatives announced it was set to review a number of policy options that could lower gasoline prices.

Gasoline prices in the United States have moved closer to $4 per gallon as oil prices on the global market increase. Oil prices account for about 70 percent of the price of gasoline.

Democratic lawmakers have called on U.S. President Barack Obama to tap into the Strategic Petroleum Reserve to offset rising gasoline prices. The International Energy Agency last called for a strategic petroleum release when the conflict in Libya left some crude oil out of the market.

The U.S. House Energy and Commerce Subcommittee on Energy and Power said it scheduled a hearing Wednesday to consider the issue.

“Wednesday’s hearing will consider a number of policies currently on the table and examine opportunities to enhance our energy security and moderate prices at the pump,” the committee announced in a statement.

The committee noted lawmakers are divided over the issue largely along party lines.

The committee said Republicans feel the Obama administration is blocking domestic energy production, which they say is in part responsible for rising oil prices. The White House notes oil markets are global, adding there’s no “magic bullet” that would cause a substantial drop in gasoline prices.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “U.S. Lawmakers To Review Gasoline Prices”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.