Dennis Kucinich: “Everyone knows the oil companies are posting record profits. Oil companies are blaming everyone but themselves for large…”

“Everyone knows the oil companies are posting record profits. Oil companies are blaming everyone but themselves for large gas price increases. The consumer is being gouged, and oil companies continue to avoid their responsibility. The most recent data for the Nation shows the average price of gas is close to $3 a gallon. Gas prices increasing; wages across the Nation dropping. Gas prices hurt even more because folks have less money to pay for them. You know what is going on? People are actually going into their change jars to go to the gas station to be able to pay for the increased cost of gas. Some people are hocking their jewelry to be able to pay for the increased price of gas. Price gouging is occurring as the oil companies are reaping profits close to $300 billion since 2001. Time for a windfall profit tax. Time for a bill, the Gas Price Spike Act. Over 50 Members of Congress want a windfall profits tax. That is what the oil companies understand. When we get that up to 100 cosponsors, then the oil companies are going to start backing off, because right now, their foot is on the accelerator. They are looking at $3 a gallon, $4 a gallon, $5 a gallon. We have to stand up for the American people, and that is what we are here to do. ____________________”