IMO:CC - Pelosi to propose bill allowing President to make gasoline price hikes illegal

House Speaker Pelosi said Thursday that Democrats will present a bill on gasoline price gouging next week. The bill will enable the President to issue emergency declarations making it illegal to increase gasoline prices, according to Bloomberg Energy reporter Javier Blas:   Recent efforts by government officials to lower fuel prices have included some unusual proposals. Following talks between Biden and Draghi earlier this week, the former head of the European Central Bank and current Italian Prime Minister suggested that oil importers could create an "oil buying cartel." While most analysts dismissed the comment, as Western countries have no mechanism in place to ration consumption, Thursday's statement from Pelosi makes the "buyers cartel" proposal a bit more realistic.  Given the Speaker represents the party in control of both Congress and the White House, the statement is unlikely to be ignored. So as the bill works its way through Congress, energy

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Pelosi to propose bill allowing President to make gasoline price hikes illegal