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Gasoline Prices: New Legislation and Proposals

Description:

The continuing crisis of high gasoline prices has led to a broad spectrum of proposed new legislation. Despite passage of the major Energy Policy Act of 2005 (P.L. 109-58) in 2005, many Members are exploring a variety of measures to increase supply and reduce demand in the short term, and to reduce the impact of high prices on consumers. Some are also proposing to revisit longer term policies, some of which were passed up in the process of reaching agreement on P.L. 109-58. This report reviews the major legislative initiatives to deal with the gasoline price issue. To put these proposals in perspective, it first describes some of the factors that have led to the high prices of both crude oil and gasoline.

Creator(s):
Location(s): United States
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
Coverage:
Place
United States
Description:

The continuing crisis of high gasoline prices has led to a broad spectrum of proposed new legislation. Despite passage of the major Energy Policy Act of 2005 (P.L. 109-58) in 2005, many Members are exploring a variety of measures to increase supply and reduce demand in the short term, and to reduce the impact of high prices on consumers. Some are also proposing to revisit longer term policies, some of which were passed up in the process of reaching agreement on P.L. 109-58. This report reviews the major legislative initiatives to deal with the gasoline price issue. To put these proposals in perspective, it first describes some of the factors that have led to the high prices of both crude oil and gasoline.

Physical Description:

15 Pages.

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