Johnson Says Regulation Won’t Drop Fuel Prices

Johnson Says Regulation Won’t Drop Fuel Prices

PIERRE — Putting the anti-trust hammer down on oil companies won’t do anything to bring down high gas prices. South Dakota Congressman Dusty Johnson held a tele-town hall where one caller asked why Congress couldn’t halt oil company price gouging…

Johnson used a metaphor to illustrate how the market works…

Johnson says prices have controlled the market in the past…

Gas prices have dropped sixty to eighty cents a gallon from the mid-June highs.