Arkansas Delegation Hopeful that Bush Action will Ease Fuel Crunch - KAIT Jonesboro, AR - Region 8 News, weather, sports

Little Rock, AR

Arkansas Delegation Hopeful that Bush Action will Ease Fuel Crunch

APRIL 26, 2006 - Posted at 7:40 a.m. CST

 

LITTLE ROCK, AR - Steps announced by President Bush intended to stem the rise of fuel prices won't be enough in the long run, members of Arkansas' congressional delegation say.

Bush announced several steps focused on gas prices, including temporarily suspending the purchase of crude oil for the government's emergency reserve.  He also ordered investigations into possible price gouging and price fixing.

The AAA says that, in Arkansas, the average price for a gallon of gas was $2.83 yesterday, with the national average at $2.92.  Arkansas's average this time last year was 69 cents lower at $2.14.

U.S. Senator Blanche Lincoln of Arkansas said the proposals won't answer the long-term issue of gas prices and the nation's dependence on foreign oil.  She said any talk about gas prices needs to focus on incentives for renewable fuels such as biodiesel.

(Copyright 2006 by The Associated Press.  All Rights Reserved.)

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