Rising Fuel Prices and the Appropriate Federal Response: Hearing Before the Committee on Government Reform, House of Representatives, One Hundred Sixth Congress, Second Session, June 28, 2000

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U.S. Government Printing Office, 2001 - 293 lappuses
 

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13. lappuse - The Congressional Research Service works exclusively for the Congress, conducting research, analyzing legislation, and providing information at the request of committees. Members, and their staffs. The Service makes such research available, without partisan bias, in many forms including studies, reports, compilations, digests, and background briefings. Upon request...
139. lappuse - RFG program began five years ago, it has resulted in annual reductions of smog-forming pollutants of at least 105 thousand tons, and toxic air pollutants by at least 24,000 tons. As required by the Clean Air Act, the first phase of the RFG program began in 1995 and the second phase began in January of this year. As an example of the benefits, in Chicago, EPA estimates that the Phase II RFG program will result in annual reductions of 8,000 tons of smog-forming pollutants and 2,000 tons of toxic vehicle...
145. lappuse - Commission will hold a public workshop on market power and consumer protection considerations in the electric power industry. 1 This written statement represents the views of the Federal Trade Commission. My oral presentation and responses to questions are my own, and do not necessarily represent the views of the Commission or any other Commissioner.
263. lappuse - DOE/EIA latest report of June 20, 2000. REDUCING IMPACT OF REGULATIONS The government can help reduce the potential for market volatility by making environmental regulations more reasonable and workable. Environmental rules are an important driving force behind our cleaner air and water. But improvements are possible that would give companies more flexibility to adjust to problems that may have temporary impacts on supply and price. The first step is to eliminate unnecessary rules. For example, let's...
140. lappuse - ... RFG II for pennies per gallon. In fact, this Monday (June 26), the average retail price of conventional gasoline across the country was $1 .65 per gallon. EPA has calculated, based on EIA and OPIS surveys, that the average retail price for RFG II everywhere except in Chicago and Milwaukee was $1 .64 per gallon, while the average retail price In Chicago and Milwaukee was $2.08 per gallon.
150. lappuse - As with the OPEC factor, RFG-related issues seem unlikely, however, to provide a complete explanation for recent Midwestern gas price increases, given that in the Midwest as a whole, conventional gasoline prices have risen more dramatically than RFG prices since the end of...
14. lappuse - ... due to higher crude costs. This impacts gasoline consumers everywhere. It can also roughly estimated that 25 cents of the regional price increase is due to transportation difficulties and another 25 cents, roughly estimated, could be due to the unique RFG situation in Chicago/Milwaukee. These figures are very rough approximations based on spot market valuations, which do not comprise a complete series of price data. They are intended as rough estimates of each factors contribution to higher prices.
142. lappuse - In our discussions with refiners and with Unocal, no one has identified any cost or supply issues related to the patent that could in any way explain the price increases for RFG that we have seen in the Midwest over the last two months.
142. lappuse - Tulsa to the Midwest has been capable of operating at 100 percent capacity. The supply of RFG to the Midwest has increased this year over last year and, in fact, for the month of June refiners expected to supply 650,000 more barrels of RFG this year than last year. The Explorer pipeline has informed us that more RFG could be sent if the companies elected to do so. For example, the pipeline company has informed us that, beginning earlier this month deliveries of RFG to Chicago have increased by approximately...

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