Monday, January 12, 2009

Gas Prices Inch Back Up in the Bay State

A new AAA survey out today shows gas prices in Massachusetts are inching back up. In fact, the price for a gallon of regular is up 7 cents since this time last week. Given the current conflict in the Middle East, there's no doubt prices will continue to rise.

The Speaker has suggested raising the gas tax to help stabilize the Massachusetts Turnpike Authority. Not only do we oppose asking taxpayers for more money, we also believe there is an alternative solution.

In the next transportation post, we will lay out the proposal we offered to the Treasurer today, which will help mitigate the Turnpike's financial problems while creating safe, alternative investments for the state's pension fund.