Gas Prices Will Climb 77 Cents Under Boxer/Kerry

Bill Klesse, president and CEO of Valero Energy Corp., said the Boxer-Kerry climate change bill could increase the price of a gallon of gasoline by 77 cents. In testimony Wednesday before the Senate Environment and Public Works Committee on behalf of the National Petrochemical and Refiners Association, Klesse said the bill would be “devastating” for the U.S. refinery business.

Kleese said that Valero and other refiners would be forced to close some U.S. plants if the bill in its current form becomes law. “One of our chief concerns is that this legislation provides foreign refiners and petrochemical operations a competitive advantage to American businesses,” Klesse testified.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: