WASHINGTON, May 11 (UPI) -- Congressional Democrats are taking aim at big oil companies as U.S. gasoline prices near a record average $3.05 a gallon.
Although industry experts doubt it will have any effect, half a dozen senators gathered in front of a Washington service station to push their own remedies to the situation, the Washington Post said.
The latest average price for a gallon of unleaded regular gas was $3.042, according to the AAA Fuel Gauge report.
Sen. Maria Cantwell, D-Wash., promoted her anti-price-gouging bill, which the Senate Commerce Committee adopted earlier this week.
The U.S. government's Energy Information Administration
predicted regular unleaded gasoline would average $2.95 a gallon this summer, 11 cents a gallon more than last summer.
|Additional Business News Stories|
LONDON, May 20 (UPI) --British investigators say they are "urgently reviewing" whether to join a European Union probe of three oil companies for alleged gasoline price-fixing.
WASHINGTON, May 20 (UPI) --Commercial space activities may soon utilize a NASA launch pad at the Kennedy Space Center in Florida that was designed for the Apollo space program.