Register Now.  It's Free!  |  Log In
Classifieds
Automotive
Real Estate
Employment
Merchandise
Place An Ad
NEWS
Local & Regional | Blotter | Nation | World | Archives


Udall: Cut gas prices by halting stockpiling


Tuesday, May 06, 2008

In an attempt to lower gasoline prices, Rep. Mark Udall, D-Colo., has proposed halting the government’s stockpiling of crude oil in the Department of Energy’s Strategic Petroleum Reserve.

Udall, who unveiled his proposal Tuesday, said gasoline prices could fall by 25 cents a gallon by not storing away millions of barrels of oil every month.

“We know from history that it’s worked when you suspend filling the (Strategic Petroleum Reserve),” Udall said.

The United States began storing crude oil in the wake of the shortages of the 1970s.

The Strategic Petroleum Reserve, according to the Energy Department, held 702 million barrels of oil as of Tuesday.

Congressman John Salazar, D-Colo., said he likes Udall’s plan to stop storing oil away in the Strategic Petroleum Reserve.

“I would support putting a moratorium on that, so that we can actually make more available on the marketplace,” Salazar said. “That always seems to have an immediate impact.”

Salazar represents most of the Western Slope and southern Colorado.

Udall said he hopes to combine his plan for the Strategic Petroleum Reserve with eliminating tax breaks for oil companies, increasing drilling in the Gulf of Mexico and removing barriers to ethanol imports, which should lower gas prices over the long term.

“We’re not going to drill our way out of this,” Udall said.

According to AAA, the average price of a gallon of regular gasoline in Colorado sold for $3.516 on Tuesday; a gallon of regular was selling for $3.541 in Grand Junction.

Dick Wadhams, campaign manager for Republican Bob Schaffer, Udall’s opponent in the 2008 U.S. Senate race, said he thought it was rich that Udall has proposed getting rid of unspecified tax breaks for energy companies.

“I’m sure it’s a great applause line,” Wadhams said.

He also attacked Udall for working against domestic energy production.

“This is a token gesture designed to obscure his very sorry record in killing domestic oil production,” Wadhams said.

He said Schaffer plans to roll out his energy plan later this year.

E-mail Mike Saccone at msaccone@gjds.com.

Vote for this story!

Marketplace Ads Coupons Directories Special Sections
Online Coupons

 

Grand Junction Top Jobs
CLASS A CDL CRUDE TANKER DRIVER CLASS A Full-time and part-time posit....(more)
MEDICAL Home Health Are you tired of scurrying to the next patient? Are y....(more)
ACCOUNTING IMMEDIATE POSITION AVAILABLE FOR full-time Bookeeper/Accountant ....(more)
DENTAL HYGIENIST Looking for a part-time dental hygienist to join our team ....(more)
DRIVER Class A and B Water Truck CDL Drivers. 1 year minimum experience &am....(more)
PUMP TRUCK OPERATOR Local company looking for CDL driver. Knuckle boom truc....(more)
NURSE Part time or Full time. Plastic Surgery Office. GREAT OPPORTUNITY in ....(more)
CDL-A DRIVER for OILFIELD And/or OTR flatbed hauling. Clean MVR and 2 year....(more)
CLASS A CDL CDL Class A drivers needed for Avalon Trucking. Must have at le....(more)
HEALTHCARE Under new ownership and business is growing! Rocky Mountain Nur....(more)
-View All Top Jobs-
-Place an Ad-
Grand Junction Daily Sentinel Top Cars
Jeep Wrangler,4.0L I6 12V, Special Purpose Vehicle...(more)
Ford Freestar,3.9L V6 12V, Passenger Van...(more)
Toyota Sienna,3.0L V6 24V DOHC, Special Purpose Vehicle...(more)
Lexus LX 470,4.7L V8 32V DOHC, Special Purpose Vehicle...(more)
Harley-Davidson FXDL low rider 1999. 1450c, Gas, Automatic, Carburetor, RED......(more)
Jeep Wrangler,4.0L I6 12V, Special Purpose Vehicle...(more)
Pontiac Grand Prix,3.8L SFI, Midsize Car...(more)
Ford Expedition,5.4L V8 16V MPFI SOHC, Special Purpose Vehicle...(more)
Ford Ranger XLT 2000. 4.0, V-6, 4 Speed With Overdrive, Electronic Fuel Inj......(more)
Jeep Liberty,3.7L V6 12V SOHC 210hp 235 lb-ft torque, Special Purpose Vehicle...(more)
-View All Top Cars-
-Place an Ad-
 

Grand Junction News | Grand Junction Weather | Sports | Business News | Opinions | Classifieds | Sitemap
Grand Junction Cars | Grand Junction Real Estate | Grand Junction Jobs

Copyright 2008 Grand Junction Newspapers, Inc. All rights reserved. - The Daily Sentinel - Our Partners

By using this service, you accept the terms of our visitor agreement and privacy policy.
To report content corrections, email corrections@gjds.com or to report
classified advertising corrections, email classified@gjds.com
Registered site users, you may edit your profile.
Having trouble? Visit our help & FAQ