Thursday, June 14, 2018

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Schumer: No quick fix to soaring pump prices

WASHINGTON – With the summer vacation season underway, most traveling by fuel-powered vehicle have already loaded up the credit cards.  Pump prices are at their highest in three and a half years, according to U.S. Senator Charles Schumer. In New York, the price is up an average 58 cents from a year ago. 

Schumer, a New York Democrat, said it is likely to get worse in the Hudson Valley and the rest of the state because of what he calls a “terrible decision” by the Environmental Protection Agency. 

“Recently, Scott Pruitt, the infamous EPA director, submitted a proposal that would reduce the miles per gallon that cars had to get.  As you know, several years ago, we increased the mileage standards so that by 2025, they would have to go to 55 miles a gallon.”

The senator called Pruitt’s proposal a “jalopy of a plan” and said he is calling on the EPA to roll back the decision. 

“It also does increase the futures price of gasoline which influences the present price.  In the short term, the president should be jawboning his friends, Putin, the crown prince of Saudi Arabia, the head of UAE, to reduce prices, but in the long term, this will help even more.”

Schumer said not doing so would have both short-term and long-term impacts over the next decade. 

 


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