Gasoline Prices: New Legislation and Proposals

Description:

The high price of gasoline was an important consideration during the debate on the Energy Policy Act of 2005, H.R. 6. As prices continued to surge, the continuing crisis renewed attention on some issues that were dropped or compromised in the debate over P.L. 109-58, as well as to a number of initiatives to reduce the impact of high prices on consumers. A large number of factors have combined to put pressure on gasoline prices, including increased world demand for crude oil and limited U.S. refinery capacity to supply gasoline to a growing national economy. Among the issues receiving new attention were vehicle fuel economy standards, leasing on the Outer Continental Shelf, and refinery "revitalization" provisions.

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Creation Date: July 7, 2006
Partner(s):
UNT Libraries Government Documents Department
Collection(s):
Congressional Research Service Reports
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Place of Publication: Washington, D.C.
Date(s):
  • Creation: July 7, 2006
  • Digitized: July 24, 2006
Description:

The high price of gasoline was an important consideration during the debate on the Energy Policy Act of 2005, H.R. 6. As prices continued to surge, the continuing crisis renewed attention on some issues that were dropped or compromised in the debate over P.L. 109-58, as well as to a number of initiatives to reduce the impact of high prices on consumers. A large number of factors have combined to put pressure on gasoline prices, including increased world demand for crude oil and limited U.S. refinery capacity to supply gasoline to a growing national economy. Among the issues receiving new attention were vehicle fuel economy standards, leasing on the Outer Continental Shelf, and refinery "revitalization" provisions.

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Partner:
UNT Libraries Government Documents Department
Collection:
Congressional Research Service Reports
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Resource Type: Report
Format: Text