I have a bill in that says that if there is price gouging in America, there should be a $100 million fine for any company that gouges American consumers of petroleum products. Mobil merged with Exxon; BP with Amoco. Competition is down. I think they are gouging us, and I think a $100 million fine for anybody artificially raising prices, 9 cents more on the weekend, come on. They get hit once in the pocketbook, and it is all over.
James Traficant: “I have a bill in that says that if there is price gouging in America, there should be a $100 million fine for any…”
Editor's note · Context
Discussing price gouging and proposing a fine for companies during a speech on the House floor.
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