End Price Gouging & Protect the People
America is supposed to be the land of opportunity, where working hard gets you ahead, but in 2022, price gouging and corporate greed are leaving workers behind and hurting the small local businesses that are the cornerstones of our communities.
We’re seeing numbers at the gasoline pumps we’ve never seen before and it’s driving price increases on food, clothing and everything you and your family use.
The oil companies are blaming inflation worldwide. Republicans are blaming the president.
The facts tell a different story. Yes, inflation is high, but the per-gallon price of gas has gone up far, far beyond the rate of inflation, and in the first half of 2022 oil company profits are up 300% over the first half of 2021. You read that right, three hundred percent. Oil profits are up 300% over 2021 when vaccines became available, and we were all desperate to get out of the house. Demand for travel was higher, but prices were lower.
Here’s the deal: Corporate greed is driving these price increases, and the money is flowing out of the pockets of working people and into stockholder dividends, company stock buybacks, and to inflate the salaries and benefits of corporate officers who get to boost their compensation by taking credit for 300% profit increases.
This is unacceptable while Pennsylvanians struggle with high prices at the pump, in the grocery store, and everywhere in between.
Let’s get to work and put People First and create a fair economy.