By Leftlane Staff
Friday, Apr 28th, 2006 @ 9:31 am

U.S. President Bush called on Congress to give him the authority to set the fuel-efficiency standards for passenger cars sold in the United States as a means of reducing the nation’s demand for gasoline, reports CNN. “I encourage them to give me that authority,” Bush told reporters during a visit to a service station in Biloxi, Mississippi. “It’s an authority I used for light trucks, and I intend to use it wisely if Congress will give me that authority. Meanwhile, Chevron, the No. 2 U.S. oil company, this morning posted a first-quarter profit of $4 billion — a 49% increase. Revenue totaled $54.6 billion, a 31% increase from $41.6 billion last year. Yesterday, we reported that Exxon had reported a record quarterly profit of $8 billion. Recently, Mr. Bush announced a probe into gas price gouging.

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