DC Hearing Focuses on Gas Prices
Washington, DC - Today, U.S. Senator Bob Casey (D-PA), Chair of the Joint Economic Committee (JEC), released the following statement after he chaired the JEC hearing which he called on gas prices. “With gas prices nearing $4 a gallon, it is important to that we take a close look at how these refinery closures will affect Pennsylvanians and consumers across the nation”, said Senator Casey. “With limited pipeline capacity to import from the Gulf Coast, this loss of refining activity in the Northeast will increase the region’s dependence on foreign fuel and lead to higher prices for consumers.” The hearing was entitled “Gas Prices in the Northeast: Potential Impact on the American Consumer Due to Loss of Refining Capacity.” The hearing focused on the impact potential closures of petroleum refineries serving the Northeast could have on prices at the pump in the Mid-Atlantic and New England regions. Senator Casey has also recommended some common-sense steps that Congress can take...