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HILL ENERGY BRIEFING: House Passes Gas, Oil Price Gouging Bill

May 20, 2022, 10:18 AM

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.

Senate Majority Leader Chuck Schumer (D-N.Y.) said he plans to combine the House-passed measure with Senate legislation beefing up the Federal ...