Word: pumping
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...John Dingell scolded the White House for letting Big Oil get away with price gouging on the way to the pump and called on Bush to follow his own campaign advice and say to OPEC, "open up your spigots." Other Democrats stumped for further short-term measures - repeal "gas tax" to ease price pressures at the pump, and wholesale price caps on electricity to force California's energy market back into a more consumer-friendly balance...
...neglect or not, Americans got used to plenty of quick-fix sympathy from Big Bad Bill, whether it was tapping the Strategic Petroleum Reserve, dispatching Bill Richardson to roam the desert to lean on OPEC or just a lot of lip-biting over prices at the pump...
...Schupp is looking on the bright side. With gas at the pump now topping $2 a gal. in his neighborhood and seemingly headed higher, he figures it's payback for all those insufferable, phony-rich, new-economy yuppies in their view-blocking, death-dealing, friend-of-OPEC SUVs. "Gas will probably go to $3, and I applaud it," says the retired computer-company executive as he fills the tank of his light pickup truck at a station in Los Angeles. "I'd like to see all gas guzzlers off the road...
...much larger than the state of California. Pedal-to-the-metal increases--not just in gasoline but in heating oil, natural gas and electricity--are a state of mind across the land, and most folks aren't appeased by Schupp's silver-lining view. Gasoline at the self-serve pump, for example, sells at a national average of more than $1.70 a gal.--up 5% in the past two weeks. That's an all-time high, although when adjusted for inflation the price is still lower than 1981's by about $1. But it follows a winter in which many...
...pain at the pump has put Big Oil in the profiteering spotlight again, albeit with an Internet twist. At least one widely distributed chain e-mail encourages readers to boycott stations operated by ExxonMobil, the largest gasoline retailer in the U.S. Exxon's profits roared 44% higher in the first quarter, to $5 billion, on fattened profit margins. The 27 largest energy firms in the U.S. earned $14.1 billion in the fourth quarter of 2000--more than double their profits in the same period a year earlier, reports the Energy Information Agency. Of course, there were no complaints while Exxon...