Gas Prices
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The federal gas tax, which was supposed to pay for repairs and expansion to roads maintained or funded by the national government, now does nothing of the kind. Congress last raised the U.S. federal gas tax a quarter of a century ago in 1993, to the 18.5-cents-per-gallon level it remains at today. Diesel fuel is taxed at 24.4 cents per gallon. Every state in the U.S. now receives more road funding from the federal government than it sends to D.C. in gasoline taxes, but the cumulative deficit in road-repair funds has risen to several hundred billion dollars. DON'T MISS: Gas tax should rise 25...
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Gas tax should rise 25 cents to fund road repair: US Chamber of CommerceIt's an unusual thing, to say the least, when the U.S. Chamber of Commerce publicly suggests a major tax increase. In general, the pro-business lobbying group advocates for tax cuts, reducing or eliminating regulations, and free-market policies that allow companies to operate however they choose...
John Voelcker -
Electric cars are cheapest to drive against gas cars in these states: new reportElectric cars still cost significantly more to buy than gasoline-powered vehicles of the same size and capabilities. But cars that plug in are almost always cheaper to run per mile, often by a significant multiple. A study released Thursday has quantified those differences, comparing the...
John Voelcker -
Gas prices primed to rise in 2018, highest in four years: reportAs Americans collectively sigh at their credit-card bills from the holiday season, GasBuddy has some bad news that won't help ease the financial pain. The fuel price-tracking website predicts the cost of a gallon of fuel will rise by $0.19 per gallon in 2018, on average, to the highest level gas...
Mark Stevenson -
Could California climate-change rules raise gas price enough to backfire?California has by far the most aggressive climate-change policies in the nation, and the state is a global leader in plans to reduce carbon-dioxide emissions. It's also the world's eighth-largest economy, with a growing population, soaring economic output, and a resolutely progressive legislature...
John Voelcker -
Gas has to cost $3 a gallon before it affects vehicle choice, study saysContinuing low gas prices are often blamed for the current popularity of crossover utilities and SUVs, along with any sales struggles green cars may experience. But would a sudden increase in gas prices cause shoppers to flock to more fuel-efficient vehicles? If so, how high would gas prices have...
Stephen Edelstein -
The U.S. and China published the results of a reciprocal peer review on their fossil-fuel subsidies.
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Southeast gasoline drivers to get range anxiety after pipeline rupture?A pipeline rupture in Alabama is causing gasoline shortages.
Stephen Edelstein -
Gas is cheap; U.S. drivers use it to log more miles than everU.S. drivers logged a record number of miles in the first half of this year.
Stephen Edelstein -
Oil is cheap, so Kuwait raised its own gas price to compensateKuwait is cutting fuel subsidies to compensate for lost oil revenue.
Stephen Edelstein -
Electric-car interest in France spikes due to gas shortageFrench drivers are showing more interest in electric cars because of a fuel shortage.
Stephen Edelstein -
Gasoline demand rises in U.S., China, and India; more growth expectedGasoline prices, which fell below $2 a gallon in many parts of the United States over the winter, have been slowly rising again. And given the supply-and-demand equations in the global oil industry, that means that demand has risen as supplies have stayed steady or fallen. So even though Saudi...
John Voelcker -
Carmakers are on track to meet the CAFE standard of 54.5 mpg, a CFA study says.
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Why used small cars may be your best driving bargain these daysSmall cars are coming off leases in droves, but consumers don't want them.
Stephen Edelstein -
Will electric cars cause oil price to crash? Navigant says noAnalysts debate the impact of electric cars on the oil industry.
Stephen Edelstein -
Cheap Oil Will Last A Decade, Says Huge Oil TraderOil prices won't increase much over the next decade, one oil trader predicts.
Stephen Edelstein -
Multiple Trends Turning Slowly Against Oil, Says Rocky Mountain InstituteThe cost of a barrel of oil is now just a fraction of what it was several years ago, and fuel prices have mostly fallen across the globe as a result. Oil prices rise and fall, but most industry analysts suggest that the emergence of North American production has loosened OPEC's ability to set...
John Voelcker -
Why Do West-Coast Gas Prices Differ From Rest Of U.S.?Gasoline remains more expensive on the West Coast than the rest of the country.
Stephen Edelstein -
Low gas prices aren't having the positive economic impact some had expected.
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Why Electric Cars Make Sense Even When Gas Is $2 A GallonElectric cars still make sense, even as gas prices remain low.
Stephen Edelstein -
Low Gas Prices Lead To Lower 2016 Toyota Prius Global Sales TargetsThe 2016 Toyota Prius, the fourth generation of the company's iconic hybrid-electric vehicle, is just starting to come onto the market around the world. But with the price of oil a fraction of what it was two years ago, and gasoline prices at recent lows in major markets, the title of highest fuel...
John Voelcker -
Will Cheap Gas, Soaring SUV Sales Sink Fuel-Economy Goals?Consumers are turning away from fuel-efficient cars as gas remains cheap.
Stephen Edelstein -
Average New-Car Fuel Economy Falls As SUV Sales Rise, Gas Stays CheapAverage new-car fuel economy in the U.S. fell 0.1 percent in September, researchers say.
Stephen Edelstein -
Coming This Fall: The Return Of Cheap $2 GasAddressing production bottlenecks could cause gas prices to drop even further, a new report says.
Stephen Edelstein