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American Consumers Will Pay a Hot Fuel Premium of 1.5 Billion Dollars on Regular Gasoline Purchased During the Summer of 2007
House Committee on Oversight and Government Reform Subcommittee on Domestic Policy
House Committee on Oversight and Government Reform
Subcommittee on Domestic Policy
Abstract
The Subcommittee on Domestic Policy of the House Committee on Oversight and Government and Reform report examines the effect of increase temperatures on gasoline and the resulting increased costs to consumers. This report found that 513.8 million gallons of gasoline sold in the summer of 2007 is attributable to the thermal expansion of gasoline, and that consumers would pay a hot fuel premium during the summer in the range of $1.5 billion.
Date
2007-06-07
Document Type
House Majority Staff Report
Serial Number
Document Length
4 pages
Congress
110
Relation
DOI
Keywords
Staff Reports
PAP Major Code
8: Energy
PAP Minor Code
803: Natural Gas and Oil (Including Offshore Oil and Gas)