House Acts To Have AIDEA Analyse Gasoline Storage
|Ramras’ HCR 19 looks to bolster state’s limited fuel storage capacity to cut down on consumer costs|
Posted: April 5, 2010
(Juneau) - The Alaska State House today passed House Concurrent Resolution 19, which tasks the Alaska Industrial Development and Export Authority, or AIDEA, with analyzing the feasibility of a state-built and privately operated fuel storage facility. House Judiciary Committee Chair Jay Ramras, R-Fairbanks, sponsored the resolution, which passed by a vote of 32 to 5.
HCR 19 lets the public know there are free-market solutions to bringing prices down without resorting to price-gouging legislation. It will tell us what the market will bear and how, in any way, we can help.
“HCR 19 is a simple resolution asking AIDEA to evaluate whether building additional fuel storage capacity is economically feasible and desirable from a market perspective,” Ramras said. “Gas prices have been a topic of concern for the past two years. My committee and the Attorney General’s Office both conducted investigations and found that price gouging and collusion were not occurring. The public has expressed a desire for some relief, but we don’t want government to subsidize the fuel industry or pass legislation restricting the free market.”
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