[Congressional Record (Bound Edition), Volume 158 (2012), Part 3]
[House]
[Page 3176]
[From the U.S. Government Publishing Office, www.gpo.gov]




              THE FACTS ABOUT THE PRICE OF GAS IN AMERICA

  (Ms. FOXX asked and was given permission to address the House for 1 
minute.)
  Ms. FOXX. It is time that we emphasize the facts about the price of 
gas in our country.
  On inauguration day for President Obama, the average price of 
gasoline was $1.84 per gallon. Today, it's $3.75. That's an increase of 
103 percent. The estimate is that it will be $4.50 by May. A 1-cent 
increase in the cost of gas equals $1 billion out of the economy, and 
it's a $4 million-per-day cost to consumers.
  As the price of oil continues to rise at an alarming rate, the 
President and the congressional Democrats have tried to deflect the 
blame of their failed energy policies and point the finger at Wall 
Street speculators for the rise of the cost of a barrel of oil. But 
that's not the problem, Mr. Speaker. The Obama administration's energy 
policies are creating uncertainty in the marketplace and are driving up 
costs.
  We need this President to assume the responsibility for the problems 
that he has caused the average hardworking American taxpayer and to do 
something about the price of gas.

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