Bloomberg Law
May 19, 2022, 4:20 PM

Bill Banning ‘Excessive’ Gasoline Prices Passes US House

Ari Natter
Ari Natter
Bloomberg News

Legislation that would allow the president to bar selling gasoline at “excessive” prices passed in the US House Thursday, as Democrats seek to address record-high prices at the pump.

The bill isn’t expected to muster the Republican support needed in the Senate. Still, it gives Democrats a talking point as they return home for a two-week recess with the average price of a gallon of regular unleaded gasoline setting a new record every day for the past 10 days.

“Big oil companies are ripping off the American people,” said Representative Frank Pallone, a New Jersey Democrat. “At a ...