Ensuring Transparency in Petroleum Markets

U.S. Senator Maria Cantwell (D-Wash.), Chair of the Committee on Commerce, Science, and Transportation, will convene a full committee hearing titled, “Ensuring Transparency in Petroleum Markets,” at 10 a.m. on Tuesday, April 5, 2022. Rising gasoline and diesel pump prices, and wide disparity in pricing across the nation, have exposed the lack of transparency about how prices are set in the petroleum markets despite their profound impact on the U.S. economy and household budgets. This hearing will examine steps Congress can take to protect consumers from excessive gas prices, including increasing transparency and ensuring the Federal Trade Commission has the tools and authority necessary to monitor wholesale markets and investigate suspicious trading practices.

 

WITNESSES:

  • Robert McCullough, Principal, McCullough Research
  • Kathleen Sgamma, President, Western Energy Alliance

 

DETAILS:

Full Committee Hearing

10:00 a.m. ET

Tuesday, April 5, 2022

Committee Hearing Room, Russell 253

 

WATCH LIVE STREAM:  www.commerce.senate.gov

 

Due to current limited access to the Capitol complex, the general public is encouraged to view this hearing via the live stream.

 

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Majority Statement

Testimony