At $3.53 Gas Prices Highest Average in U.S. History

Military Academy Forums Held Saturday March 3rd width=86 By Cong. Randy Neugebauer Texas Insider Report: AUSTIN Texas Gas prices across the country have been rising steadily. According to the Energy Information Agency (EIA) which analyzes national & worldwide energy trends the U.S. experienced its highest average gasoline price in history at $3.53 per gallon in 2011. In 2010 the average was $2.78. Current prices are having a real impact on millions of families especially on Texans who rely heavily on their cars. And prices are expected to rise even further in 2012. The United States is blessed with bountiful energy resources and we should be utilizing them. I remain a committed supporter of legislation that increases our oil and gas production here at home. Unfortunately President Obamas energy plan bans oil and gas development on 97 percent of available offshore areas. He also blocked the construction of the Keystone XL pipeline which would import nearly one million barrels of oil per day from Canada and create 20000 jobs. The administrations gasoline regulations are expected to drive up the cost of producing gasoline by 25 cents per gallon. I strongly believe that these policies kill jobs impede economic growth and drive the cost of gasoline even higher. width=163Pursuing an all-of-the-above energy policy is the best way to address these problems. Military Academy Forums Saturday March 3rd This Saturday March 3rd I am pleased to host two Academy Forums for those interested in applying to one of our nations five military academies. Choosing to attend a United States service academy is not college choice; it is a career choice. Service academies offer an outstanding education and a chance to serve ones country. If you know of someone who would like to serve in the most challenging of professions please visit my website to see forum locations and times. I look forward to speaking with prospective students and their parents. Liaison officers from the Air Force Academy U.S. Military Academy at West Point U.S. Naval Academy and the U.S. Merchant Marine Academy have been invited to speak and answer any questions regarding the academies or the application process. If you have any questions or need additional information please contact Mary Whistler in my Lubbock office at (806) 763-1611. House Committee Hearings This Week This Wednesday the House Agriculture Committee will hold a hearing to assess the 2012 agenda of the Commodity Futures Trading Commission (CFTC) which regulates commodity futures and option markets in the United States. This hearing will focus on the CFTCs goals this year regarding the agriculture sector. Also on Wednesday the House Financial Services Committee will hear the testimony of Ben Bernanke Chairman of the Federal Reserve Board of Governors on monetary policy and the state of the economy. Chairman Bernanke speaks before the Financial Services Committee twice each year and I look forward to hearing him give his perspective on the economic outlook of the United States. On Thursday the Secretary of the Department of Energy Steven Chu will speak before the House Science Space and Technology Committee. Secretary Chu will testify as the committee reviews the Department of Energy research and development budget for Fiscal Year 2013.
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