We urge American citizens to ask President Bush to direct the Federal Trade Commission and Justice Department to investigate possible price gouging by the oil companies. Since current crude oil supplies appear adequate, we believe that the oil companies may have manipulated oil refinery production and inventories to drive up gasoline prices. House Speaker J. Dennis Hastert (R-IL), Senate Majority Leader Bill Frist (R-TN), and many Democratic leaders have also asked President Bush to conduct such an investigation.
Many consumers are being hurt by high gasoline prices. It has made it very expensive for them to commute to work, and many may have to curtail family vacations this summer if gasoline prices stay high. Lower income consumers and retirees on fixed incomes are particularly harmed. The high price of fuel is also hurting small businesses, and will soon affect the entire American economy as higher manufacturing and transportation costs show up in stores.
The oil companies appear to be taking no action to offset the rapid increase in gasoline prices, which are hurting both consumers and businesses. Despite gasoline prices that are over $3.00 a gallon in many areas, U.S. oil refiners operated at 85 percent of capacity in the week ended April 7. This is 13 percentage points less than between April and September 1998. At the same time the oil companies have reaped huge profit increases in the last several years, and Exxon Mobil\'s chief executive in January received a lump-sum retirement payment of $98.5 million.
Oil price increases are not being felt just at the gas pump. Crude oil is refined into many products, including fuel oil, which increased in price dramatically last winter. American homeowners paid an average 13.6 percent more to heat their homes last winter. It could have been much worse
The suits at these oil companies are pocketing record profits while you struggle to afford a tank of gas. I am pushing hard to get the Federal Trade Commission to finally do their jobs and stop this blatant exploitation of every American driver.
6 Comments
B
Brenda Hunt
20 years ago
Featured
Need this sorted out fast. My small business is struggling to pay delivery fees. Its gonna ruin us.
L
Linda Reynolds
20 years ago
Featured
Cant even afford to visit my grandkids this year. Gas is just way to high for people on fixed incomes like me.
M
Mike Lawson
20 years ago
Featured
Ridiculous prices. I drive 40 miles one way to work and it is literally eating my paycheck. Do something about it.
S
Sarah Chavez
20 years ago
Featured
These oil companies are greedy plain and simple. They just wanna break records while the rest of us cant even afford dinner.
D
David Haddad
20 years ago
Featured
ABOUT TIME. Investigate every single one of them. Their profits are through the roof while we suffer.
K
Kevin Hughes
20 years ago
Featured
Total BS. They throttle supply on purpose just to squeeze more money out of us. Stop letting them get away with it.
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We urge American citizens to ask President Bush to direct the Federal Trade Commission and Justice Department to investigate possible price gouging by the oil companies. Since current crude oil supplies appear adequate, we believe that the oil companies may have manipulated oil refinery production and inventories to drive up gasoline prices. House Speaker J. Dennis Hastert (R-IL), Senate Majority Leader Bill Frist (R-TN), and many Democratic leaders have also asked President Bush to conduct such an investigation.
Many consumers are being hurt by high gasoline prices. It has made it very expensive for them to commute to work, and many may have to curtail family vacations this summer if gasoline prices stay high. Lower income consumers and retirees on fixed incomes are particularly harmed. The high price of fuel is also hurting small businesses, and will soon affect the entire American economy as higher manufacturing and transportation costs show up in stores.
The oil companies appear to be taking no action to offset the rapid increase in gasoline prices, which are hurting both consumers and businesses. Despite gasoline prices that are over $3.00 a gallon in many areas, U.S. oil refiners operated at 85 percent of capacity in the week ended April 7. This is 13 percentage points less than between April and September 1998. At the same time the oil companies have reaped huge profit increases in the last several years, and Exxon Mobil\'s chief executive in January received a lump-sum retirement payment of $98.5 million.
Oil price increases are not being felt just at the gas pump. Crude oil is refined into many products, including fuel oil, which increased in price dramatically last winter. American homeowners paid an average 13.6 percent more to heat their homes last winter. It could have been much worse
The suits at these oil companies are pocketing record profits while you struggle to afford a tank of gas. I am pushing hard to get the Federal Trade Commission to finally do their jobs and stop this blatant exploitation of every American driver.
6 Comments
B
Brenda Hunt
20 years ago
Featured
Need this sorted out fast. My small business is struggling to pay delivery fees. Its gonna ruin us.
L
Linda Reynolds
20 years ago
Featured
Cant even afford to visit my grandkids this year. Gas is just way to high for people on fixed incomes like me.
M
Mike Lawson
20 years ago
Featured
Ridiculous prices. I drive 40 miles one way to work and it is literally eating my paycheck. Do something about it.
S
Sarah Chavez
20 years ago
Featured
These oil companies are greedy plain and simple. They just wanna break records while the rest of us cant even afford dinner.
D
David Haddad
20 years ago
Featured
ABOUT TIME. Investigate every single one of them. Their profits are through the roof while we suffer.
K
Kevin Hughes
20 years ago
Featured
Total BS. They throttle supply on purpose just to squeeze more money out of us. Stop letting them get away with it.
Help this petition grow
Share it with friends to help reach
100 signatures.
Your share link
Couldn't copy automatically. Long-press to copy:
Share directly
Sign Petition
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or sign with Email
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By signing, you accept our Terms and Privacy Policy and agree to occasional emails about petitions. Unsubscribe anytime.
Need this sorted out fast. My small business is struggling to pay delivery fees. Its gonna ruin us.