A California political contender says politicians are blaming
gas companies for high gas prices instead of examining the
regulations they've passed that are also to blame.
Sen. Dianne Feinstein (D-California) is calling for a federal
probe into the record high gas prices in The Golden State, asking
the Federal Trade Commission to investigate whether they are
related to supply and demand, or if fraud is to blame. Feinstein
insists that the FTC ought to set up an oversight group to monitor
the oil and gas market.
But Martha Flores-Gibson, a Republican candidate
for the California Assembly, points to another aspect.
"There's reckless spending on one end, and there could be some
possible greed; however, not enough to cause an investigation," she
notes, "because when you cause an investigation, it puts more
people at risk to lose jobs."
Consumers in California are paying an average of $4.70 for a
gallon of regular gasoline, and in some areas, it costs $5 to
$6. Flores-Gibson asserts that the politicians are trying to
put the blame on companies, when it actually lies within the
regulations they themselves put into place.
"All the solutions that they have [are] like, Well, how can
we regulate them more? How can we put more fees on them? How can we
tax them more?," the Republican states. "So, it's a
conversation that is at a gridlock, instead of working with them
and saying, Okay -- what can we do as a federal
Feinstein maintains that "market fundamentals are not to blame"
for the high gas prices in California, even in light of refinery