(CNN) – Two-thirds of Americans would oppose a law in their state that would increase the gas tax to help pay for road and bridge repairs, according to a new national poll.
A Gallup survey released Monday indicates that 66% of the public would vote against a state law that would increase the gas tax by up to 20 cents per gallon, with the revenue going towards improving roads, bridges, and building more mass transit. Just under one in three said they would vote for such a measure.
New York (CNNMoney) - As lawmakers race to negotiate a deal to avoid the fiscal cliff, some experts say one tax increase should be on the table: a gas tax hike.
Currently at 18.4 cents a gallon, the federal gas tax is used primarily to build and repair roads, bridges and other transportation infrastructure. The tax raises about $32 billion a year.FULL STORY
New York (CNNMoney) - The Obama administration finalized new fuel economy rules Tuesday that within 12 years will almost double today's standard for cars and light trucks to 54.5 miles per gallon.
The rules, which have been in the works for several years, will add thousands of dollars to the cost of new cars. But in the long run, regulators say, drivers will spend less on gas, outweighing the additional cost at the dealership. They say the rules will also help reduce the nation's oil imports.FULL STORY
Washington (CNN) - A new poll Tuesday showed voters are willing to give Mitt Romney a fresh look now that he is the certain Republican presidential nominee, and the former Massachusetts governor picked up public backing from the top GOP leaders in the House and Senate.
The good news came as Romney's campaign offered a mild rebuke to right-wing rocker Ted Nugent's for his latest inflammatory rhetoric against President Barack Obama, seeking a middle ground between condoning divisive language and alienating conservatives who like Nugent's firebrand politics.FULL STORY
Washington (CNN) - Under pressure to bring down the high price of gas, President Obama and Attorney General Eric Holder on Tuesday will outline a proposal to increase federal supervision of the oil markets in an effort to clip the wings of speculators who are profiting off the volatility of the oil market.
The president's $52 million plan would let regulators force energy traders to put more of their own money into trades and also boost the penalties on manipulators who are found to be speculating unlawfully, according to a senior administration source who would not comment on the record in advance of the president's remarks.FULL STORY
Washington (CNN) – A new television commercial from an independent group backing President Barack Obama's re-election tries to tie likely GOP presidential nominee Mitt Romney to big oil companies.
The ad, by Priorities USA Action, responds to an earlier TV commercial that attacked the president's record on energy.
Washington (CNN) - Senate Republicans on Thursday blocked a Democratic measure championed by President Barack Obama to end tax breaks for the major oil companies.
The procedural vote of 51-47, which failed to reach the needed threshhold of 60, killed the measure, which was given little chance of eventually winning approval in the Republican-controlled House. Four Democrats opposed the bill while one Republican supported it.FULL STORY
(CNN) - Senate Republicans Thursday blocked a Democratic measure championed by President Barack Obama to end tax breaks for the country's major oil companies.
(CNN) - The number of Americans who said gasoline prices are the most important economic problem facing the country has more than tripled since December, according to a new poll.
The CNN/ORC International survey released Thursday, the same day President Barack Obama delivered a speech about gas prices, indicated oil companies received most of the blame for higher prices at the pump.
Washington (CNN) - Your pain at the pump is the U.S. Senate's top issue this week.
Senate Democrats and Republicans are arguing over a bill that would end billions in tax breaks for large oil companies - a proposal designed to tap into voter anger over rising gas prices heading into the general election.FULL STORY