While Americans feel the squeeze of rising gas prices, Big Oil company profits are at a 7 year high–with Shell reporting three times the quarterly profits they made a year earlier.
John,
While Americans feel the squeeze of rising gas prices, Big Oil company profits are at a 7 year high—with Shell reporting three times the quarterly profits they made a year earlier.
Fossil fuel companies are taking advantage and raising their prices well above the rate of inflation. It’s price gouging, plain and simple. Big Oil is showing us exactly why capitalism needs guardrails to work for working people.
That’s why I introduced the Consumer Fuel Price Gouging Prevention Act, which would lower gas prices by making these predatory price hikes illegal. I’m proud to share that today it passed the House.
Now, the bill moves to the Senate, where I hope Republicans will put the needs of American families ahead of the profit margins of fossil fuel companies.
Without passing legislation to hold Big Oil companies accountable, they’re free to continue price gouging American families. I’ll keep fighting to hold them accountable.
Katie Porter
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Katie is running for re-election in California’s 47th district, which includes Irvine and coastal Orange County. This purple district contains an equal number of Democrats and Republicans and is a must-win for Democrats. Consider pitching in today so we have the resources to keep Katie in Congress fighting for working people.
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