Gas prices: Arizona congressman takes discussion to Scottsdale gas stationPosted: Updated:
SCOTTSDALE, Ariz. – In an effort to find out what his constituents think of gas prices, Congressman David Schweikert (R-Scottsdale) spent some time pumping gas at Scottsdale car wash Wednesday morning.
Javier Soto caught up with Schweikert at Danny’s Family Car Wash on Scottsdale Road just north of Greenway Hayden Loop.
“This was our opportunity to talk to our neighbors and friends and explain what we’ve been doing in Congress to try to expand drilling, to fix this permitting process, and to start making it so we’re using American resources in our tanks,” Schweikert said.
While some experts have predicts a little bit of relief, prices don’t seem to be dropping the way many had hoped.
“We have passed legislation that opens up our own resources, increases American energy production, and put Americans back to work,” Schweikert said.
According to the congressman, the price of oil futures dropped as those bills made their way through the process.
“We communicated to the entire world that maybe the United States is finally getting serious about using our own domestic resources,” he said.
“We know prices move in anticipation of supply and demand,” Schweikert continued. “If we can communicate to the markets that the United States is now serious about using its own domestic resources – this means all types of energy, but particularly our fossil fuels – I believe we will start to see the reduction of the oil prices.”
The last time gas prices hit $4 per gallon, which was three years ago, oil prices were much higher than they are now. Back then, oil was $147 per barrel. Today, it’s less than $120. That considerable difference has many wondering what’s actually driving the price of gas in the U.S.
Some experts say a weaker dollar is a contributing factor, but it can’t be the only reason gas prices are what they are.