News / USA

US to Monitor Gas Prices for Fraud

Gas prices above $1.31 per liter ($5 per gallon) are seen on a sign at a gas station in Washington, April 20, 2011
Gas prices above $1.31 per liter ($5 per gallon) are seen on a sign at a gas station in Washington, April 20, 2011

The U.S. government says it is going to monitor the sharply rising gasoline prices in the country to see if anyone is profiting illegally.

The country's top legal official, Attorney General Eric Holder, said Thursday that officials from several agencies would be "vigilant" in looking at oil and gas markets for "any wrongdoing" so that motorists in the car-dependent country "can be confident" they are not paying more because of manipulation of prices or other illegal activity.

Holder said there are some lawful reasons for the increased gas prices motorists are now paying - close to $4 for 3.8 liters (or U.S gallon). But he said that when consumers are harmed by unlawful conduct, state and federal authorities "should take swift action."

U.S. President Barack Obama, in a speech in the western state of Nevada, said there is "no silver bullet" that can immediately bring down gas prices. But he said regulators would "make sure" that no one is "taking advantage" of Americans.

Mr. Obama, as he has in the past, called for an end to $4 billion in annual subsidies the government gives to oil and gas companies. He said the payments were unnecessary at a time when the energy firms are making "record profits."

Many American motorists are complaining about the higher cost to fill up the tanks of their vehicles. While the cost of gas is lower in the U.S. than in several European countries, such high prices have not been seen in the U.S. in three years. U.S. gas prices are not uniform and vary regionally, with the average price for 3.8 liters already above $4 in some communities, nearly a dollar higher than it was a year ago.

The price of gasoline is directly related to the rising cost of crude oil, now at a two-and-a-half-year high as political turmoil continues to envelope the oil-producing states of the Middle East. The price of crude accounts for about 65 percent of the cost of gas at U.S. service stations.

You May Like

Malaysian PM Ends Vacation Over Floods

Najib Razak had been criticized for golfing in Hawaii with US president while country suffered More

Photogallery Fear Amid Remembrances for Tsunami Victims

Across continent, services and tributes acknowledge 220,000 victims of 2004 Indian Ocean disaster; region remains inadequately prepared, experts say More

Liberia’s House Speaker Denies Manipulating Election Outcome

Alex Tyler said he’s being used as a scapegoat by people who are refusing to accept defeat in the December 20 special senatorial election More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Estimates Rising of Foreign Fighters in Iraq, Syriai
X
Jeff Seldin
December 24, 2014 11:38 PM
Foreign fighters are making more of a mark on the battles raging across Syria and Iraq than initially thought. VOA's Jeff Seldin has more.
Video

Video Estimates Rising of Foreign Fighters in Iraq, Syria

Foreign fighters are making more of a mark on the battles raging across Syria and Iraq than initially thought. VOA's Jeff Seldin has more.
Video

Video Russians Head Into Holiday Facing Economic Malaise

Russian preparations for the New Year holiday are clouded by economic recession and a tumbling currency, the ruble. Nonetheless, people in the Russian capital appear to be in a festive mood. VOA's Daniel Schearf reports from Moscow.
Video

Video Mombasa in Holiday Tourism Slump Due to Security Fears

Kenya's usually popular beachside tourist destination of Mombasa is seeing a much slower holiday season this year due to fears of insecurity as the country has suffered from a string of terror attacks linked to Somali militants. Mohammed Yusuf reports for VOA on how businessmen and tourists feel about the situation.
Video

Video For Somalis, 2014 Marked by Political Instability Within Government

While Somalia has long been torn apart by warfare and violence, this year one of the country's biggest challenges has come from within the government, as political infighting curtails the country's progress, threatens security gains and disappoints the international community. VOA's Gabe Joselow report.
Video

Video US Political Shift Could Affect Iran Nuclear Talks

Secretary of State John Kerry’s efforts to resolve Iran’s nuclear crisis are continuing into 2015 after Iran and six world powers failed to agree by a November deadline. U.S. domestic politics, however, could complicate efforts to reach a deal in the new year. VOA State Department correspondent Pam Dockins has the story.
Video

Video NYSE: The Icon of Capitalism

From its humble beginnings in 1792 to its status as an economic bellweather for the world, the New York Stock Exchange is an integral part of the story of America. VOA’s Bernard Shusman reports from Wall Street.
Video

Video Islamic State Emergence Transforms Syria and Iraq in 2014

The emergence of the Islamic State in Iraq and Syria as a potent force in early 2014 changed the dynamics of the region. Their brutal methods - including executions and forced slavery - horrified the international community, drawing Western forces into the conflict. It also splintered the war in Syria, where more than 200,000 Syrians have died in the conflict. VOA’s Henry Ridgwell looks back at a deadly year in the region -- and what 2015 may hold.
Video

Video Massive Study Provides Best Look at Greenland Ice Loss Yet

The Greenland ice sheet is melting faster than predicted, according to a new study released in the Proceedings of the National Academic of Sciences that combines NASA satellite data and aerial missions. As VOA’s Rosanne Skirble reports, the finding means coastal communities worldwide could be at greater risk, sooner, from the impact of rising seas.
Video

Video US Marines, Toys for Tots Bring Christmas Joy

Christmas is a time for giving in the United States, especially to young children who look forward to getting presents. But some families don't have money to buy gifts. For nearly 70 years, a U.S. Marines-sponsored program has donated toys and distributed them to underprivileged children during the holiday season. VOA's Deborah Block tells us about the annual Toys for Tots program.
Video

Video France Rocked by Attacks as Fear of ISIS-Inspired Terror Grows

Eleven people were injured, two seriously, when a man drove his car into crowds of pedestrians Sunday night in the French city of Dijon, shouting ‘God is Great’ in Arabic. It’s the latest in a series of apparent ‘lone-wolf’ terror attacks in the West. Henry Ridgwell looks at the growing threat of attacks, which security experts say are likely inspired by the so-called "Islamic State" terror group.

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More

All About America

AppleAndroid