Wednesday, May 23, 2007

Governor Doyle, 16 Other Governors Urge President to Support Efforts to Lower Gas Prices

Governor Jim Doyle, together with the Democratic Governors Association (DGA), called on President Bush to work with Congress, and pressure big oil companies to invest their enormous profits to become more energy efficient and lower gas prices for middle class families feeling squeezed at gas pumps across the country.

"Talk is much cheaper than gas prices," Governor Doyle said in the letter. "Democratic governors know that the long term prescription for high gas prices is to achieve energy security by reducing our dependence on foreign oil. Together, we can make America more prosperous, more secure, and less vulnerable to the pain at the pump."

Gas prices rise every spring, but the spike has grown even larger in recent years. Wisconsin gas prices are up roughly 60 cents per gallon compared to April of this year. That is higher than the highest prices after Hurricane Katrina, which were under $3.35 per gallon.

Big oil companies have reported the highest profits ever. After calling on the federal government to hold big oil companies accountable, Governor Doyle proposed a plan in his budget to capture some of big oil's profits, and give relief to middle class families in Wisconsin by helping taxpayers fund roads and infrastructure.

Transportation costs have risen dramatically due in part to the increase in petroleum prices. Governor Doyle believes big oil companies should help middle class families pay for these increased costs.

On Monday, Governor Doyle joined with the DGA to urge Congress to initiate a bipartisan investigation into escalating gas prices occurring across the country.

"It is difficult to understand how oil companies can be making record profits each quarter without making capital investments in refineries that would address reliability issues," the governors said in the letter. "Families and businesses across the nation are straining under these uncontrollable prices. The economies of our states - as well as the national economy - are likely to suffer because of these continually spiraling prices."

In the letter to Senate Majority Leader Harry Reid, House Speaker Nancy Pelosi, Senate Minority Leader Mitch McConnel, and House Minority Leader John Boehner, Governor Doyle and other governors asked Congress to use its authority to conduct a thorough investigation into gas pricing, and develop answers to unexplainable spikes in gas prices, seemingly unrelated to any geo-political or weather-related events.

Read the letter to President Bush: http://www.wisgov.state.wi.us/docview.asp?docid=11254
Read the letter to Congressional leaders: http://www.wisgov.state.wi.us/docview.asp?docid=11255
Read the DGA press release:
http://democraticgovernors.org/news/1707/democratic-governors-repeat-urgent-call-for-president-to-support-efforts-to-lower-gas-prices

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