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Sen. Menendez Has Plan To Bring Down Gas Prices

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Gas Pump (file / credit: clipart.com)

Gas Pump (file / credit: clipart.com)

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WEEHAWKEN, NJ (CBSNewYork) - With the price of gas climbing, New Jersey U.S. Sen. Robert Menendez is proposing a plan to push prices down.

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Do you believe the U.S. is an oil importing or an oil exporting nation? Across from a gas station in Weehawken on Friday, Menendez provided the answer.

“For the first time since 1949, the United States is actually exporting more oil products than we import,” he said.

Menendez is proposing a bill requiring that more U.S. produced oil be kept here.

“All oil, drilled in federal lands or waters, and refined products such as diesel and gasoline derived from that oil stays here in the United States,” he said.

Menendez said if you have demand and your supply is greater, then you’re going to drive down prices.

Do you agree with the Senator’s plan? Sound off in the comments section below!

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