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Slaughter Pushing Gasoline Allocation (Price Caps)
ROCHESTER, NY Congresswoman Louise Slaughter (D-Rochester) today unveiled a plan that she says will help stabalize gas prices in the wake of Hurricane Katrina. In the last couple of weeks gas prices have increased dramatically, but Slaughter says that doesn't necessarily have to happen. Slaughter has introduced the "Emergency Petroleum Allocation Act." It would temporarily cap the price of gas at 2-dollars 50-cents a gallon. It would also direct the Secretary of Energy to develop criteria for declaring the sort of national fuel emergency that would trigger future price controls. Slaughter says if her plan garners enough support there could...
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