Sen. Schumer calls for probe of oil refineries and high gas prices

Gasoline prices are actually rising quicker than expected, at least in some areas of the United States. Here in Michigan, in fact, they're setting record highs. Over in New York State, Sen. Charles Schumer has called for a federal investigation into the oil refineries over the price spike. According to Newsday, Schumer says that the high prices might be the result of oil companies being lax on maintenance and therefore short on capacity.

"The looming question is, are they putting money into maintenance and keeping up refineries as they should?" Schumer asked, according to the article. "Or are they happier with lower production and higher prices? ... What they should be doing is making sure the existing capacity they have is fully utilized."

The Government Accountability Office will investigate the refineries, and Schumer said he hopes results will be available in "a couple of months."

In the meantime, Drive Smarter.

[Source: Jennifer Barrios / Newsday; Detroit Free Press]

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