[Congressional Record Volume 168, Number 106 (Wednesday, June 22, 2022)]
[House]
[Page H5745]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




          BIG OIL EARNS RECORD PROFITS WHILE FAMILIES STRUGGLE

  (Ms. BROWN of Ohio asked and was given permission to address the 
House for 1 minute and to revise and extend her remarks.)
  Ms. BROWN of Ohio. Madam Speaker, as President Biden pointed out last 
week, here is the cold, hard truth about gas prices: The last time oil 
was at its current price, the average price of gas at the pump was 
about $4.25 per gallon. Today, gas prices are nearly 75 cents higher.
  That difference, across just 3 months, is the result of historically 
high profit margins for refining oil into gasoline.
  Oil and gas companies are announcing record profits while Putin's war 
in Ukraine is driving up prices at the pump. These companies are 
prioritizing stock buybacks while families are struggling to pay higher 
prices at the pump.
  This is exactly why the House passed the Consumer Fuel Price Gouging 
Prevention Act last week. Yet not a single Republican voted with us to 
stop Big Oil from raking in record profits on the backs of hardworking 
Americans. Families are facing a crunch, and they deserve action.

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