Fact Sheet: Rising Oil Costs

HB 3044 recognizes the need to assure fair and transparent prices for gasoline for businesses and citizens in our state. Currently, oil company pricing mechanisms, timing, strategies, and structures are not accessible to the public.

HB 3044 addresses the need for public data on the oil industry and begins regulatory oversight of pricing. It empowers the utilities and transportation commission to gain and make publicly accessible gasoline pricing and availability. It requires each oil company to file with the commission the price to be charged for petroleum products. It prohibits changes in these prices without prior filing, while specifically prohibiting the UTC from setting prices.

HB 3044 also requires each oil company to file

  • Intrastate and export shipments of petroleum, and
  • Refinery profit margins  HB 3044 is the first step to enabling the public to gain an understanding of the market power and  monopoly pricing structure of the oil industry

HB 3044 is the first step to enabling the public to gain an understanding of the market power and monopoly pricing structure of the oil industry.

  • Leave a Reply

Your email address will not be published. Required fields are marked *

More To Read

October 22, 2018

What Is Given Is Then Taken Away

The revocation of transgender rights feels violent because it is violent

October 17, 2018

We’re Number 1!

For at least 22 years, Washington has had the highest taxes on lower-income people.

October 16, 2018

I’m Going to Tip Minority Servers More – and Whites Less

Racism and discrimination translate to lower tips for people of color