Contact: Kevin Coughlin
March 28, 2012
As gasoline prices top $4 a gallon and threaten to approach $5 a gallon this summer, State Senator Carlo Leone (D-Stamford) joined his colleagues in passing a proposal to help provide relief at the pump and protect consumers from profiteering and price gouging by big oil wholesalers.
“We know that people are hurting as our economy rebounds, and that ever-increasing gas prices aren’t helping. Rampant speculation in the gasoline markets continues to send prices higher and higher. At the state level, our options are limited, but in today’s bill we are doing everything we can to dampen this increase in gas prices, and keep it from stalling our still fragile economic recovery,” Senator Leone said.
The Democrats’ plan strengthens protections against price gouging, cracks down on oil profiteering, caps the gross receipts tax on wholesale gasoline, and requires that savings are passed along to consumers. The proposal:
Chair: General Law; Transportation
Vice Chair: Finance, Revenue & Bonding; General Law
Legislative Office Building
Hartford, CT 06106-1591
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