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EMD-80-42 1 (1980-01-22)

handle is hein.gao/gaobabadk0001 and id is 1 raw text is: 



BY THE COMPTROLLER GENERAL


Report To

Senator John W. Warner


OF THE UN TED STATES




Washington, D.C., Area Home Heating

Oil Supplies Adequate But At

Escalating Prices


Although there should be sufficient heating
oil in the Washington, D.C., metropolitan area
during the winter of 1979-1980, prices have
escalated during 1979. Retail prices averaged
84 cents a gallon in August--28 cents a gallon
higher than the January price.

Because these increases are such a burden for
low-income people, the Congress has appro-
priated $1.6 billion to help pay their energy
bills. The Department of Energy, however,
has not analyzed whether the price increases
are justified by increased costs. It should
make such an analysis and should assess
whether there is enough competition in the
refining of heating oil and evaluate the long-
term implications of subsidies to people to
help pay energy bills.









                                                            111348


                           008369                                  EMD8042

                                                             JANUARY 22,1980

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