Van Drew wants controls put on gas pricing
nj.com
Excerpts:
"Something has to be done about the out-of-control prices drivers are paying at the pump. Government has an obligation to step in and help control the spiraling costs of gasoline," said Assemblyman Jeff Van Drew, D-Cape May.
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"Consumers are beginning to raise concerns about possible price gouging, and with justifiable cause," Van Drew said in a statement. "The gas being pumped into our cars was produced 60 to 90 days ago and cost $40 per barrel. But instead of charging drivers a fair rate for month-old (gasoline), they jack up the prices ... showing just how cold-hearted an industry they really are."
Assemblyman wants to cap gasoline prices
app.com
Excerpt:
Saying gasoline prices have risen to "almost catastrophic rates," Assemblyman Jeff Van Drew, D-Cape May, promised Thursday to introduce a bill that would make New Jersey the second state to limit wholesale gasoline prices.
The proposal comes as prices in New Jersey for regular unleaded have soared above $3 per gallon. Van Drew accused oil companies of reaping huge profits while drivers shell out more and more to fill their tanks.
"I believe we're virtually in a crisis situation right now," Van Drew said in a Statehouse news conference on the same day Hawaii's first-in-the-nation gas price cap took effect.
"The profits of these companies have increased radically during this crisis. . . . People know intuitively that something's wrong," Van Drew said.
Boston Globe OP-ED piece
Big oil's bigtime looting
boston.com
Excerpts:
In the midst of this charity, big oil looted the nation. The pumps instantly shot past $3 a gallon, with $4 a gallon well in sight.
In a thinly disguised attempt to act as if it cared about the people wading in the water, Chevron has pledged $5 million to relief efforts. ExxonMobil and Shell have pledged $2 million apiece. British Petroleum and Citgo have pledged $1 million each.
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Everyone knows that Bush does not really mean what he says about price-gouging at the pump, since he just gave energy companies the bulk of $14.5 billion in tax breaks in the new energy bill. Surprise, surprise. In Bush's two elections, oil and gas companies gave Republicans 79 percent of their $61.5 million in campaign contributions, according to the Center for Responsive Politics.
If Bush really meant what he said, he would call for a freeze or cap on gasoline prices,...
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