GAS PRICES IN SOME PARTS OF CALIFORNIA ARE WELL ABOVE 6 DOLLARS A GALLON!

THAT’S ACCORDING TO MY MOM, WHO EVEN SEARCHED AROUND FOR A CHEAP STATION BEFORE SUCKING IT UP AND PAYING THAT PRICE. 

AND SHE’S NOT ALONE..

TRIPLE A FOUND THE NATIONAL AVERAGE IS WELL ABOVE 4-DOLLARS.

AND CONGRESS IS NOW TRYING TO ADDRESS THE ISSUE IN VARIOUS WAYS. 

OIL EXECS HAVE BEEN ASKED TO TESTIFY to a house committee APRIL 6 and the senate is on it as well. 

TAKE SOT- Maj. Leader Chuck SCHUMER 

<<“The bewildering incongruity between falling oil prices and rising gas prices smacks of price gouging and is deeply damaging to working Americans. The Senate is going to get answers.”>>

Annie Andersen: OIL HIT 120 A BARREL IN EARLY MARCH..

GAS HITTING 4.33 A GALLON. 

NOW IT’S ABOUT 90 A BARREL, BUT GAS PRICES ARE ONLY 4 CENTS LOWER. 

AN OIL TRADE INDUSTRYSPOKESPERSON TOLD ROLL CALL THERE IS ALWAYS A DELAY FROM FALLING OIL COSTS TO FALLING GAS PRICES.

TAKE SOT- JEN PSAKI

<<”Retail gasoline prices are updated at least daily, and if gas retailers’ costs are going down, they need to immediately pass those savings onto consumers.”>>  

Annie Andersen: POSSIBLE GOUGING ASIDE.. CONGRESS IS TRYING TO ADDRESS GAS PRICES RIGHT AWAY.

PUNCHBOWL NEWS BROKE DOWN SOME OF THE IDEAS THEY’RE FLOATING

A GAS TAX HOLIDAY– THAT WOULD SAVE PEOPLE ABOUT 18.4 CENTS A GALLON. 

THE CHAIR OF THE HOUSE TRANSPORTATION COMMITTEE FAVORS A MORE DIRECT APPROACH –

 PROPOSING A WINDFALL PROFITS TAX ON THE OIL INDUSTRY WHICH MADE 174 BILLION IN PROFITS LAST YEAR. 

THAT MONEY WOULD THEN GO TO AMERICANS struggling to make ends meet

ANOTHER OPTION- A REBATE OFFSET BY TARIFFS ON COUNTRIES STILL BUYING RUSSIAN OIL. 

OR EVEN DIRECT PAYMENTS.

BUT BEFORE YOU GET TOO EXCITED REMEMBER NONE OF THESE PROPOSALS HAVE  BEEN AGREED ON… 

AND TO BECOME LAW THEY WOULD HAVE TO PASS BOTH CHAMBERS- 

INCLUDING IN THE SENATE WHERE THEY WOULD NEED AT LEAST 10 REPUBLICANS TO SUPPORT IT. 

BUT ON THE OTHER HAND… CAN YOU IMAGINE THE POLITICAL ADS FOR VOTING AGAINST LOWERING GAS PRICES?

WE’LL KEEP WATCHING THIS..

 AND I FOR ONE WILL BE PULLING OUT MY TRUSTY BIKE AS OFTEN AS POSSIBLE. 

STRAIGHT FROM DC I’M AA