AmericanTruckersAtWar

Professional, Polite, Prepared to Kill

Senators spar on gas prices

WASHINGTON – With oil prices setting a record high of $112.21 a barrel, high fuel costs are a serious threat to the South Dakota economy, lawmakers said Wednesday.

The Energy Information Administration released a report Tuesday that predicts national average monthly gasoline prices will peak at $3.60 a gallon this summer, with prices in some areas surpassing $4.

Diesel fuel already is selling for about $4 a gallon.  More from the ArgusLeader.com

The one solution this article did not mention was a reduction in fuel taxes.  Senator John Thune made sense when he said, “Congress is to blame, too, because it has failed to take action to increase domestic supplies and to expand refinery capacity.

“Yes, these global economic issues and the weak dollar, they’re all factors, but fundamentally, this is a supply problem,”

Continue to put pressure on Washington to reduce/suspend fuel taxes, increase domestic drilling (for OUR use, not China’s) and build more refineries. 

RTaylor

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April 10, 2008 - Posted by | economy, trucking | , , ,

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