$4.00 Per Gallon??
Received today from MoveOn.Org:
As of yesterday, gas prices are the highest in U.S. history—we just passed the 1981 record, even adjusted for inflation. Prices could reach $4.00 per gallon in parts of the country, just in time to crimp summer vacation plans. As consumers suffer, the oil industry continues to reap the windfall—breaking profit records on an almost quarterly basis.
It's outrageous! Enough is enough. Hearings start today on H.R. 1252, a House bill that would make gas price gouging a federal crime, punishable by 10 years in prison. Speaker Pelosi has said she'll move the bill to a vote this week— there's the two-thirds majority required to fast track the bill through the process.
Oil company lobbyists are frantically trying to stop the bill. Your representative needs to hear from you today. "Gasoline price gouging should be made a federal crime before the summer price increases hurt more American families.Rep Bart Stupak (D-MI), sponsor of the House bill said this of his motivation to introduce the legislation: "In April ... crude oil was $7 a barrel cheaper than last year (but) gas prices were almost 50 cents a gallon higher. Clearly there's more at play than simply the world crude oil market."
In April, more than two-thirds of Americans reported that their gas bills were causing financial crunches, with a full third saying it was having a "serious" impact on their families.That same month, the top two US companies, Exxon-Mobil and Chevron-Texaco, announced a combined $14 billion in first quarter profits.It seems like even the oil industry has gone too far this time, and it's time to balance the scales. The Senate passed a price-gouging measure out of committee last week, and the House bill now has over 100 co-sponsors from both sides of the aisle.
The oil industry is nervous. They've sent their lobbyists to the Hill in full force to stop—or at least weaken—these bills, and they're pulling out all the stops. The American Petroleum Institute, an industry front group of more than 400 oil and gas companies, even threatened that new laws could increase gas prices more.
Enough is enough. This summer, we can stop Big Oil from profiting at the expense of American families. Can you sign the petition to ask your representative to make gasoline a price gouging a federal crime now? Clicking here will add your name:
Don't forget to pass this on to your friends and family - this week is an historic opportunity to send Big Oil a message that we've had enough.
Labels: Gas prices
posted by John Good @ 8:56 PM
9 Comments:
I signed for all the good it will do, I'm sure it won't hurt.
After the recent BS price-spike, what CAN hurt??? It's the first time in years that I've been able to laugh about unleaded costing so much more than diesel!
My dad has been selling gas for 90 cents a liter for a few years now. Maybe we're just finding out about the spending habits of our neighbors.
The only real solution to the gas prices is to reduce consumption. No matter what prices the big oil companies want for their product, they will only get what the market will bear. They better be careful what they wish for because they might just get it; and if they do, the result will be an oil glut!!!
i dont understand why they all complain about the price of gas, when all I see are SUV's on the road. As long as we keep driving these oversized cars we will never reduce consumption. I buy xom,hal, and cop every April. Works fine for me, I make more money than what gas will increase. You will not beat them, so join in on the profits.
Optimistic, I'm not, after seeing the big cave-in on the Iraq occupation.
Gas down here in Katrinaville has spiked too. Better hope nothing comes our way again this year. Gas is up to post Katrina prices now. If we get hit again with prices so far up, it's gonna hurt everyone! Till this day, damage from Katrina is used as an excuse for the prices. Even as they have logged in record profits.
I'm with Stan, cutting consumption will be more productive than petition signing, so I did both!
I agree on cutting consumption, but what if you CAN'T? MY job runs on diesel. . .how do I cut back?
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