Gas Price Relief and Oil Conservation Act of 2005

Summary

Gas Price Relief and Oil Conservation Act of 2005 - Directs the Secretary of Energy to promulgate regulations to: (1) prevent companies from raising wholesale prices for gasoline more than once every 24 hours; and (2) limit, immediately and until the end of FY2006, the profits of oil companies that sell gasoline on the wholesale market to no more than the average of their profits during the five-year period from FY2001-FY2005. Directs the appropriate federal departments and agencies, as identified by the President, to propose voluntary, regulatory, and other actions sufficient to reduce demand for oil in the United States by at least one million barrels per day from projected demand for oil in 2013, for purposes of reducing waste of oil and decreasing demand for foreign oil. Directs the Federal Trade Commission to investigate whether price gouging has occurred in the wholesale and retail gasoline markets in the wake of Hurricane Katrina and whether consolidation in the markets has led to higher prices for consumers.

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Timeline

1. 2 September 2005

   Introduced

   Referred to the House Committee on Energy and Commerce.

   Source: IntroReferral

2. 2 September 2005

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 September 2005

   Introduced

   Introduced in House

   Source: IntroReferral

4. 19 September 2005

   Referred

   Referred to the Subcommittee on Energy and Air Quality.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 2 September 2005 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 September 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 2 September 2005

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 September 2005

  Open at official source

Sponsors

• Rep. Pallone, Frank [D-NJ-6] · D · Sponsor
• · hsif00 · Standing

Related records

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