Governor Stonewalls Relief at the Pump; Gas Price Study Finds Nothing
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Summary
SANTA MONICA, Calif., June 15 /U.S. Newswire/ -- A report ordered by Gov. Arnold Schwarzenegger on possible gas-price gouging came to nothing Thursday as the state's energy commission declared it lacked enough corporate data to come to a conclusion. By putting off its final report until mid-August, almost the end of the summer driving season, the state fails consumers and lets oil companies off the hook, said the Foundation for Taxpayer and Consumer Rights.
"This issue has been studied to death," said Jamie Court, president of the nonprofit, nonpartisan FTCR. "so the governor is sentencing Californians to a summer of record gasoline prices and oil company profits until he comes up with an action plan, not a study plan. He should immediately get behind legislation to allow oil companies to be prosecuted for price-gouging when their price increases don't correlate with cost increases." See FTCR's recent news release on price-gouging legislation, AB457, sponsored by Atty. Gen. Bill Lockyer and Assembly Speaker Fabian Nunez. http:// www.consumerwatchdog.org/energy/pr/?postId=6400See the full content of this document
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Governor Stonewalls Relief at the Pump; Gas Price Study Finds Nothing
The oil industry has contributed $2.3 million in political support of Schwarzenegger.
The interim...See the full content of this document
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