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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following opinion editorial written by Phil Flynn and published by FOXBUSINESS.COM:

Rising inflation, especially record gas and diesel prices, is upping the pressure on the Democratic Party, but who knew they had a secret weapon in Congress that may solve all their problems; the Consumer Fuel Price Gouging Prevention Act.

“Legislation for first House Democrats led by Congresswoman Schreier and Congresswoman Porter, introduced the consumer fuel price gouging Prevention Act for families struggling to pay higher prices at the pump. Oil and gas companies are recording record profits, with seven largest oil companies announcing buybacks that we see gas prices rise. And when the cost of oil goes, that drops, oil prices drop and price gouging needs to be stopped” said House Speaker Nancy Pelosi during her weekly press conference last week. The bill is expected to be on the floor in the coming week.

The article goes on to state the following:

Free-market economists used to believe the best way to find fair prices is to allow a free market and that would be the best way to create a price for a good that was incentive enough for the providers of that good to continue providing it at a price and for the buyer that would either encourage more consumption or naturally cure demand if prices got too high and supply got too tight.

Flynn also notes that, according to reports last week, Italian president Mario Draghi and President Biden not only spoke about price caps for oil, but also windfall profits on oil companies.

“Now that the inflation problem will be solved for oil and gas why don’t we just outlaw higher prices on everything?  We can just make it illegal to raise prices anywhere and everywhere. Everything that the House speaker deems to be excessive,” Flynn mocks.

To get more information about this article, please visit FOXBUSINESS.COM.

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  1. Good ol DEMONcrates, liers, thieves, corrupt, and could care less about America. All they want is votes to ensure their cash cow ride continues. Pathetic ignorant fools

  2. They are going to cause shortages in everything with their stupidity. Prices will continue to rise, if anything is available. Everything they do just makes things worse.


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