[Congressional Record Volume 167, Number 200 (Wednesday, November 17, 2021)]
[House]
[Page H6327]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




          OIL COMPANIES' COSTS GO DOWN WHILE FUEL PRICES GO UP

  (Mr. LIEU asked and was given permission to address the House for 1 
minute.)
  Mr. LIEU. Madam Speaker, I am upset about inflation. As our economy 
reopens and demand surges, big corporations have taken advantage. They 
have squeezed consumers for profit and raised costs on everyday 
Americans.
  Corporate greed is a primary reason why costs for American businesses 
and families have gone up. I will give you one example.
  The cost of refining oil has gone down, yet gas prices went up. Let 
me repeat that again. The costs to oil companies have gone down, and 
fuel prices went up.
  That is why I am joining President Biden in calling on the Federal 
Trade Commission to investigate whether oil and gas companies are 
engaging in anticompetitive or potentially illegal behavior to jack up 
your gas prices.

                          ____________________