US Senate committee to consider bill pressuring OPEC oil group Posted on May 6, 2022 by cngpump Versions of the legislation have failed in Congress for more than 20 years. But lawmakers are increasingly worried about rising inflation driven in part by prices for US gasoline, which briefly hit a record above $4.30 a gallon this spring. Related posts: Live updates: U.S. House approves Russia oil import ban bill Some Indian refiners set to cut May Saudi oil, snap up Russian barrels ‘Shameless fleecing’ of public must stop: Congress on fuel price hike Fuel price hike protest: Congress workers ‘lathicharged’, detained, claims party Shell posts record profit on high energy prices and trading boost Rising imports, crude oil bill raised India’s deficit before conflict Oil, sanctions, jets: How Congress pushes Biden on Ukraine Oil minister Hardeep Puri says Opposition-ruled states should cut VAT to give relief to consumers G7 calls on oil, gas producers to boost deliveries to blunt impact on prices High crude oil prices, rising inflation to keep Rupee under pressure