Gas prices still soar

POSTED BY: George Hiotis
Thursday, August 30, 2001 - 07:11 AM
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If you plan on going on a trip or outing this Labor Day, don’t bet on any relief from the gas pump before the holiday weekend. No matter where you go, you’ll find that gas prices are on the rise for the rest of the week. Since a major gasoline refinery shutdown in the Midwest, retail gasoline prices have been “hiked up” by more than 20 cents per gallon. And with gas prices over $1.70 again in the Midwest, many people are calling on the government to explain why efforts aren’t being made to give motorists some relief. Congressman Bob Ney stated that investigations have been made on the price gauging and spiking of prices. He said that when asked about the problem, the US EPA and oil companies gave them a combination of reasons. Part being that there was a boutique gas created by the EPA ,which makes it almost impossible to creat new refineries. And the other reason was because of the U.S. being without an energy policy. President Bush is currently addressing an energy bill that may not solve this problem immediately but will help keep oil and gas prices a little more stable for our economy in the long run. AAA has already called on the Federal government to look for possible ways to streamline its “excessively complicated system of regional gasoline standards.” And when asked to comment on the price gauging of oil refineries, Congressman Ney confirmed that the small refineries and gas stations are not necessarily to blame. Continued pressure on the bigger oil outfits is what the government plans are. Keeping a watchful eye on the larger companies who may have manipulated prices seems to be what the government will maintain. In the meantime, continued inquiries about these companies, and keeping them on an honest level could help American’s pocketbooks in the long run.

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