Sen. Sherrod Brown: High gas prices don't mean high profits for small business owners

Sen. Sherrod Brown
Sen. Sherrod Brown

CINCINNATI, OH (FOX19) - United States Senator Sherrod Brown (D-OH) held a news conference Sunday at the Ramco Norwood Marathon Station in Norwood, in response to rapidly increasing gas prices.

Brown says he wants Secretary of State Hillary Clinton to push the Organization for Petroleum Exporting Countries (OPEC) to increase production levels. Levels have decreased in the recent weeks due to political instability abroad.

Brown was joined by Chris Odeh, the owner of the Norwood Marathon Station, who discussed the impact of high gas prices on his small business.

Odeh says he's not making much money on the higher profits.

"If you look around, you see that we could use a paint job, but we cannot afford to do that righ this second because we can barely make our payments at this point," said Odeh.

"For small business owners, high gas prices don't mean high profits; instead, it cuts into already razor thin margins. Our recovering economy is at risk of being undermined by artificially high oil prices – whether from rampant oil speculation from investors, or a lack of production by OPEC," Brown said. "That's why I've urged Secretary of State Clinton to push OPEC to increase its production to levels that ensure fair prices for consumers – and a stronger road to our economic recovery. Increased production will not only allow for our recovery to continue, it will also send a positive signal to the global marketplace."

Last month, Brown announced new plans for cracking down on oil speculation, which he believes may be responsible in part for driving up prices at the pump.

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