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Updated: 8:38 PM May 29, 2007
Study: Consolidating Refineries, Pushing for Profit Drives Up Gas Price
A study, from the Milwaukee-based Office of Energy of Independence, points to short gas supply but also the push for profits.
Posted: 7:55 PM May 29, 2007 |
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With the price of gas dropping a few cents a gallon from last week's high mark, the Office of Energy Independence released a study Tuesday, refuting oil company claims that gas shortages have resulted in higher prices.
The analysis suggests that consolidating oil refineries and companies pushing for excessive oil profits are driving up gas prices here in Wisconsin.
Governor Jim Doyle is pushing for oil companies to pay a 2.5 percent gross receipt tax on gas sales in the state, earmarking the potential revenue for the upkeep of roads and infrastructure.
Yet the companies say the tax in unfair because they claim they have no significant business presence in Wisconsin.
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