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NO. R-175. JOINT RESOLUTION urging that the federal government thoroughly review and work to mitigate the economic impact of the recent rise in gasoline prices.

(J.R.H. 130)

Offered by: Representatives Obuchowski of Rockingham, Brooks of Montpelier and Molloy of Arlington.

Whereas, the state of Vermontís economy is heavily reliant on automotive tourism and other recreational related expenditures, and

Whereas, snowmobiling, an increasingly important recreational activity in Vermont, is premised on the affordable availability of gasoline, and

Whereas, farmers, who are engaged in an occupational, and unlike tourists not an optional, activity are dependent on gasoline to operate tractors, combines, trucks and other absolutely essential equipment, without which they could not perform their daily chores, and

Whereas, Vermont is a rural state with minimal public transportation, and thousands of individuals must drive their cars to work daily, many for extended distances, and

Whereas, the added costs to all levels of Vermont government resulting from the increased gasoline costs will be considerable, and

Whereas, many other sectors of the Vermont economy are dependent on affordable gasoline prices, and

Whereas, recently, the price of gasoline has continued to soar to record high levels, and

Whereas, some parts of the country are already experiencing gasoline costs of $2.00 per gallon and industry experts are not dismissing the possibility of $3.00 per gallon prices by the summerís conclusion, and

Whereas, as of May 8, according to the authoritative Lundberg Survey of 8,000 service stations across the United States, the average price for a gallon of fuel has risen to $1.76, which represents a five percent increase just since April 20, and

Whereas, the severe economic consequences for Vermont, and the nation, of sharply rising gasoline prices cannot be ignored on the national level, now therefore be it

Resolved by the Senate and House of Representatives:

That the General Assembly strongly urges the executive and legislative branches of the federal government to closely examine the impact of the gasoline price increases, and initiate actions that will mitigate the impact of the gasoline price rise both on a short and long-term basis, and be it further

Resolved: That the Secretary of State be directed to send a copy of this resolution to the President of the United States, U.S. Secretary of Energy Spencer Abraham, Speaker of the U.S. House Dennis Hastert, U.S. Representative Richard Gephardt, U.S. Senator Trent Lott, U.S. Senator Tom Daschle and to the members of the Vermont Congressional Delegation.