Rep. Frank Pallone Jr.'s latest bill would address high gasoline prices.
that takes steps to reduce emissions, including tax credits for buying electric vehicles made in America and rebates for purchasing more energy-efficient appliances.and prescription drug costs for Medicare recipients.
The new reserve would make it easier for a president to release oil to hold down prices, including in response to other countries trying to reduce supplies, such as the Organization of Petroleum Exporting Countries. “Americans are tired of bearing the burden of our dependence on a volatile, unpredictable oil market controlled primarily by foreign dictators and adversaries,” Pallone said. “By empowering DOE to buy oil when prices are low and sell when they are high, my bill helps us regain control of domestic gas prices and protects drivers from future price fluctuations.”
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