On the recordMay 26, 2022
I come to the floor to talk about developments this week in trying to fight to make sure that American consumers aren't paying artificially more for gas to fill up their cars and trucks and take a vacation for the holiday than they should be paying. This is an important issue for everybody in the United States but particularly my constituents, who all throughout the State of Washington are paying--well, Seattle, definitely over $5, and many other parts of the State over $5. And if you are not paying more than $5 a gallon, you are paying very close to $5 a gallon. So it is important that Members of Congress do their job in oversight and policing of these markets to make sure that there is transparency; that is, a bright light to make sure that no one is taking advantage during this tight supply and artificially driving up that price for their benefit. That is why we introduced the Transportation Fuel Market Transparency Act that asked the Federal Trade Commission to expand on authority Congress already gave to them to police transportation petroleum markets and make sure that the trading that is done on indexes that have very little oversight--very little oversight--that those indexes have a brighter light shined on them so that we make sure consumers aren't being gouged because of the kinds of practices that happen.…





