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Tuesday, December 3, 2024

Arizona Senate passes bill aiming to reduce gas prices

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Warren Petersen, Senate President Legislative District 14 | Wikipedia

Warren Petersen, Senate President Legislative District 14 | Wikipedia

Senate Republicans in Arizona have passed legislation aimed at reducing gas prices for drivers in the state. Despite a decrease from previous highs of $5 per gallon, current prices remain about $1 higher than they were in 2020. The new bill, SB 1064, seeks to alleviate financial strain on residents and prevent future price spikes.

Arizona currently mandates specific fuel blends for different seasons in Maricopa County, including a unique blend called Cleaner Burning Gas (CBG) during warmer months. This blend is produced out of state, leading to supply disruptions and subsequent price increases. SB 1064 proposes a free market approach by allowing up to eight comparable fuel blends instead of just two.

The bill also grants authority to request an EPA waiver during gasoline shortages. Previously, such waivers could only be requested by the governor. In March, refineries warned Governor Katie Hobbs of potential supply issues affecting over half of Phoenix's fuel supply. However, she did not apply for a waiver, resulting in a $1 price surge within weeks. Under the new legislation, both the President of the Arizona Senate and the Speaker of the Arizona House can request these waivers.

Senator Justine Wadsack, who sponsored the bill, stated: "From gasoline to groceries, electricity, housing, and every other basic necessity, Arizonans are paying thousands of dollars more per year to maintain the same quality of life they had just before Joe Biden took office. While we can't prevent his implementation of the reckless policies that are hurting hardworking families, senior citizens, and young adults, we can help Arizonans keep more of their hard-earned dollars through commonsense solutions like SB 1064."

The bill will now proceed to the House for further consideration.

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