Erie House Democrat Ryan Bizarro wants to do more to limit how much Pennsylvania gas prices can increase – and his solution has nothing to do with gas taxes.
Bizarro House Bill 2697 has been introduced to prevent gas price increases within 24 hours of the previous increase. Bizarro said in its legislative memo that five states have taken similar action.
“Our Stop Price Fixing Act drops heavily on transactions that artificially escalate to take advantage of emergencies or to pad into their own pocket. Bizarro said in a joint op-ed piece with fellow Democrat House members Sarah Innamorato, Nick Pizziotano and Joanna McClinton. The bill goes ahead with Republicans controlling both state legislatures.
The bill allows the governor to declare a market emergency, which lasts for 30 days and can be extended for an additional 30-day period. The proposal would make it illegal for oil companies or gas retailers to sell or sell a petroleum product or heating fuel product “An amount represents an unnecessarily high price.”
In Wisconsin, Governor Evers issued an executive order Tuesday announcing the existence of an abnormal economic disruption in Wisconsin due to a disruption in fuel supply, allowing a statewide ban on gasoline and diesel prices. Wisconsin law forbids gas stations to increase prices more than once in 24 hours, but there is no limit to how much they can increase prices when they do so. There is one “Minimum Markup Law” This will prevent retailers from selling gas and other goods for less than cost in an effort to attract customers.
In May, the US House of Representatives passed a bill authorizing President Joe Biden to declare a state of emergency, which would make it illegal to raise gasoline and home fuel prices. “Excessive” Or in the way of exploitation. The bill directs the Federal Trade Commission to punish companies involved in price increases and adds a new entity to the FTC to monitor energy markets.
Measure approved, 217-207. Four Republicans unanimously opposed the bill, along with four Democrats. It now goes to the Senate, where a similar bill faces steep odds between the 50-50 split between Democrats and Republicans.
Republicans and industry groups called the bill misguided, saying there was no evidence of a price increase. Oil is a global commodity and prices are set in the global market. Republicans say the answer to higher gas prices is to increase production in the United States.
Gas prices rose late last year amid supply chain problems and increased demand as the economy recovered after the COVID-19 epidemic, but prices rose after the Russian invasion of Ukraine on February 24. The US has banned Russian oil imports and other countries are looking for alternatives to Russian energy, raising prices.
– The Associated Press contributed to this report
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