Gas prices directly affect every household budget, every delivery cost, and every food price in the country. When crude oil prices rise, gas prices follow within days. When crude falls, gas prices take weeks to drop. This asymmetry is well-documented and enriches refiners at the expense of consumers.
I urge you to support the Stop Gas Price Gouging Act or similar legislation that gives the FTC authority to investigate and penalize excessive refinery margins during supply disruptions. Constituents should not pay crisis prices while oil companies report record quarterly earnings.