US Rep. Henry A. Waxman (D-Calif.), the House Energy and Commerce Committee’s ranking minority member, has asked the US Federal Trade Commission to investigate a gasoline price surge in the Golden State.
“Over the past week, retail gasoline prices in California have soared by more than 50¢/gal to a record price of $4.67/gal,” Waxman said in an Oct. 9 letter FTC Chairman Jon Leibowitz.
“There has been no similar surge in gasoline prices nationwide.”
Waxman noted that the most common explanation is that a series of refinery accidents and temporary shutdowns have created a California supply crunch. US Energy Information Administration data show that West Coast gasoline inventories are “unusually low for this time of year—at the lower edge of the 5-year range,” he added.And, of course, regular readers already know which video comes up next.
Before the increase, a 20-gallon SUV fill up cost: $83.40. After the increase: $93.40. Ten bucks on a $90 purchase. Pales in comparison to what California taxes will be after the November election.
Something tells me Mr Waxman is getting a lot of mail from his constituents.
I wonder who will pay for this "investigation"?
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