Contact: Andrew Ammirati
March 28, 2012
With the threat of gasoline costing $5 a gallon this summer, State Senator Paul Doyle (D-Wethersfield) joined his colleagues in passing a proposal that will help provide relief at the pump and protect consumers from profiteering and price gouging by big oil wholesalers.
The Democrats’ plan strengthens protections against price gouging, cracks down on oil profiteering, places a circuit breaker on the gross receipts tax, and requires that savings are passed along to consumers. The legislation ensures that if wholesale gas prices rise further this summer, prices at the pump will not go even higher as a result of the gross receipt tax. Senator Doyle brought the legislation out on the Senate floor Wednesday.
“Our plan protects consumers at the pump and makes sure big oil companies do not inflate gas prices to increase their own profits,” Senator Doyle said. “It’s not enough to just cap the gross receipts tax and hope that oil wholesalers do the right thing and pass savings on to consumers. This plan sends a strong message to oil companies that we are watching and won’t stand for price gouging.”
The Democrats’ proposal:
Legislative Office Building
Hartford, CT 06106-1591
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