Category: gas prices

Five Democratic Governors Call for Feds to Suspend Gas Tax

In response to skyrocketing gas prices, five Democratic governors have sent a joint letter to Congress, urging lawmakers to pass the Gas Prices Relief Act, which would suspend the federal gas tax for the rest of 2022. Governors Tom Wolf of Pennsylvania, Gretchen Whitmer of Michigan, Jared Polis of Colorado, Michelle Lujan Grisham of New…


5 Democratic Governors Call for Feds to Suspend Gas Tax

In response to skyrocketing gas prices, five Democratic governors have sent a joint letter to Congress, urging lawmakers to approve the Gas Prices Relief Act, which would suspend the federal gas tax for the rest of 2022. Govs. Tom Wolf of Pennsylvania, Gretchen Whitmer of Michigan, Jared Polis of Colorado, Michelle Lujan Grisham of New…


Capitol Report (March 8): Russia Underestimates Ukraine’s Fight

With gas prices breaking all-time record highs, President Joe Biden is announcing new sanctions on Russia. But how will the administration respond to the rising gas prices? Lawmakers from both parties support this Russian oil ban. We take a look at Congress’s latest action on Russia, including rethinking Russia’s access to the World Trade Organization….


Biden: Gas Prices Are ‘Going To Go Up’, ‘Can’t Do Much’ About It

President Joe Biden says gas prices in America that are already at historical highs are going to continue to go up and that there’s not much that can be done about it at this time. On Tuesday the president announced a ban on Russian energy imports as the latest move from the United States to…


Russia Threatens to Cut Gas to Germany; Poland to Place MIG-29 Jets at U.S. Disposal | NTD

President Joe Biden announces a ban on Russian oil, California sees record-breaking gas prices, and civilians are evacuating five Ukrainian cities through humanitarian corridors.


Gas Prices Break Record Again, up 15 Percent in Weekly Growth

The ongoing conflict between Ukraine and Russia has pushed up energy prices worldwide, with gasoline prices in the United States soaring to an all-time high on March 8. Critics have blamed the Biden administration’s insistence on diverting away from fossil fuels, a main contributor to the price hike. The average price of regular unleaded gas…


Federal Officials Not Energy Executives Are Behind Soaring Gas Prices, House Panel Told

President Joe Biden’s green energy policies are the key cause of skyrocketing gas prices, not the Russian invasion of Ukraine or the fact that federal leases for oil and gas exploration are not being fully utilized, according to an energy industry expert. “Wide swaths of the elected government and administrative state have decided that investments…


Economist: Gas to Reach $7 a Gallon in California

Gas prices in California could soon reach $7 a gallon as a result of the conflict in Ukraine and other factors, according to one state economist. Gokce Soydemir, an economics professor at California State University, Stanislaus, told The Epoch Times Californians should expect to pay a lot more at the pump, while inflation will easily…


Russia’s Invasion of Ukraine Could Send US Gas Prices to $4 a Gallon, Analysts Say

The conflict in Ukraine is already impacting gas prices in the United States, as the national average gas price hit $3.54 a gallon compared to $2.65 this time last year, according to the American Automobile Association (AAA) report on Thursday. Earlier in the week, average prices were $3.51 a gallon, said the AAA. “Russia is one of…


New Bills to Cut Gas Tax as California’s Gas Prices Continue to Soar

As California gas prices continue to reach record highs amid tensions between Russia and Ukraine, Assemblyman Kevin Kiley (R-Rocklin) and Gov. Gavin Newsom each proposed a plan to cut the statewide gas tax for a period of time. Kiley introduced Assembly Bill 1638 on Jan. 12 to suspend the gas tax for six months to save…