House Approval of Strategic Oil Bill Seeks to Lower Gas Prices - Hawaii News Now - KGMB and KHNL

House Approval of Strategic Oil Bill Seeks to Lower Gas Prices

WASHINGTON, D.C. (KHNL) -- The passage of a House bill Tuesday, offers drivers across the nation, temporary relief from skyrocketing gas prices.

The bill's passage follows U.S. Representative Neil Abercrombie's call last March to the Bush Administration to manage the Strategic Petroleum Reserve as one way to fight skyrocketing gas prices.

On a vote of 385-25, the House approved the bill to temporarily suspend filling the reserve until the end of the year, in an effort to rein in rising gas prices which have topped $4.00 a gallon for unleaded premium in Hawaii.

Abercrombie says a temporary halt to filling the reserve could reduce gas prices up to 24 cents a gallon and provide some relief to consumers.

 

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