price gauges

May 20, 2008 - 1:14pm
PRESS RELEASE

Congressman Paul Hodes Commends President Bush for Signing the Strategic Petroleum Reserve Suspension Bill, Votes to End Price G

For Immediate Release

May 20, 2008

Contact:        Mark Bergman

                202-225-5206 (office)

                202-557-9979 (cell)

Congressman Paul Hodes Commends President Bush for Signing the Strategic Petroleum Reserve Suspension Bill, Votes to End Price Gouging

Washington, DC--- Today, Congressman Paul Hodes commended President Bush for signing the legislation to temporarily suspend the filling of the Strategic Petroleum Reserve (SPR) through the end of the year, as long as the price of crude oil remains above $75 per barrel.  Current shipments to the Strategic Petroleum Reserve, which is now 97 percent full, will end on June 30.   Congressman Hodes is a co-sponsor of the legislation and has written to President Bush calling on him to suspend shipments to the SPR.

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