PRINTER'S NO. 3407
No. 476 Session of 2000
INTRODUCED BY GEORGE, WRIGHT, SOLOBAY, SHANER, CAPPABIANCA,
PETRARCA, TRAVAGLIO, LUCYK, PISTELLA, READSHAW, HERMAN,
STABACK, DeWEESE, BELFANTI, WILLIAMS, DALEY, ORIE, MYERS,
WOJNAROSKI, BELARDI, RUBLEY, SCRIMENTI, HARHAI, BEBKO-JONES,
YOUNGBLOOD, ROBERTS, TRELLO, ROONEY AND WASHINGTON,
APRIL 24, 2000
REFERRED TO COMMITTEE ON RULES, APRIL 24, 2000
A RESOLUTION
1 Calling upon the Governor to use any and all means at his
2 disposal to reduce the burden that high fuel prices have
3 placed on Pennsylvania residents during the present fuel
4 price crisis.
5 WHEREAS, World crude oil and petroleum product prices have
6 risen rapidly over the past 12 months, from about $12 per barrel
7 in February to an astounding $34 in late March; and
8 WHEREAS, Low inventories leave little cushion to meet sudden
9 increases in demand or decreases in supply, increasing the
10 possibility of price runups; and
11 WHEREAS, We are now facing a very tight gasoline market with
12 United States crude oil and gasoline inventories at alarmingly
13 low levels not seen for decades; and
14 WHEREAS, Expected high refinery utilization rates on top of
15 precariously low gasoline stocks set the stage for volatility
16 during the summer; and
17 WHEREAS, According to the Consumer Price Index, gasoline
1 prices rose by 76.4% in 1999; and
2 WHEREAS, Gasoline pump prices at $1.529 per gallon are at
3 their highest levels in ten years; and
4 WHEREAS, Based on information from the Energy Information
5 Administration, diesel fuel prices in the central Atlantic
6 region averaged more than $1.58 per gallon the week of March 27,
7 2000; and
8 WHEREAS, These oil price hikes will result in potentially
9 devastating economic consequences for innumerable people
10 employed in the transportation industry in this Commonwealth,
11 including, among others, truckers, service station owners,
12 diesel truck stop and fleet center owners, heating oil retailers
13 and the airlines; and
14 WHEREAS, As a result, hundreds of thousands of homeowners
15 will see vast increases in their home heating costs and drivers
16 of personal vehicles will be burdened with extremely high
17 gasoline prices; therefore be it
18 RESOLVED, That the House of Representatives call upon the
19 Governor to use any and all resources at his disposal to reduce
20 the burden that high fuel prices have placed on Pennsylvania
21 residents during the present fuel price crisis.
C27L82DMS/20000H0476R3407 - 2 -