Arcuri says lawmakers working to put gas prices in check

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By JOLEEN FERRIS

Story Created: May 2, 2008 at 4:31 PM EDT

Story Updated: May 2, 2008 at 6:18 PM EDT

UTICA - Congressman Michael Arcuri wants to let his constituents know what lawmakers are doing to bring gas prices back in check.

Arcuri spoke during a news conference Friday at Utica's Union Station. He says he co-sponsored a bill that would halt the purchase of oil for the nation's reserves - which he says are already 97% full.

Arcuri says the move would mean more oil in the open market, which translates into lower gas prices.

"In the past, we have seen the price of gas go down dramatically when we stop buying into the strategic reserve," Arcuri said.

Before the bill becomes law, both the Senate and the House of Representatives would have to agree on a common version and the president would have to sign it into law.

Congressman Arcuri says it could happen by summer.

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