Date: July 7, 2006
Creator: Behrens, Carl E. & Glover, Carol
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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