Poll: Americans not revved up over increased gas taxes
April 22nd, 2013
08:34 AM ET
1 year ago

Poll: Americans not revved up over increased gas taxes

(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.
FULL POST


Filed under: gas prices • Polls • Taxes
One fiscal cliff fix: Raise the gas tax
November 28th, 2012
10:19 AM ET
2 years ago

One fiscal cliff fix: Raise the gas tax

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

Filed under: 2012 • Fiscal Cliff • gas prices
Rules to double U.S. fuel economy by 2024
August 28th, 2012
01:08 PM ET
2 years ago

Rules to double U.S. fuel economy by 2024

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

Filed under: 2012 • gas prices • President Obama
New poll, endorsements bolster Romney
April 17th, 2012
03:09 PM ET
2 years ago

New poll, endorsements bolster Romney

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

Filed under: 2012 • gas prices • Mitt Romney • President Obama
Obama to unveil proposal to rein in manipulation of oil markets
April 17th, 2012
09:40 AM ET
2 years ago

Obama to unveil proposal to rein in manipulation of oil markets

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

Filed under: gas prices • President Obama
Pro-Obama group links Romney to ‘big oil’
April 2nd, 2012
06:39 AM ET
2 years ago

Pro-Obama group links Romney to ‘big oil’

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.
FULL POST


Filed under: 2012 • Ads • gas prices • Mitt Romney • President Obama
Senate Republicans reject Obama call to end 'big oil' tax breaks
March 29th, 2012
12:46 PM ET
3 years ago

Senate Republicans reject Obama call to end 'big oil' tax breaks

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

Filed under: gas prices • President Obama
Senate Republicans block bill to end oil subsidies
March 29th, 2012
12:08 PM ET
3 years ago

Senate Republicans block bill to end oil subsidies

(CNN) - Senate Republicans Thursday blocked a Democratic measure championed by President Barack Obama to end tax breaks for the country's major oil companies.


Filed under: Congress • gas prices • President Obama • Senate
CNN Poll: Americans increasingly worried about gas prices
March 29th, 2012
11:48 AM ET
3 years ago

CNN Poll: Americans increasingly worried about gas prices

(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.

Full results (pdf)
FULL POST

Who will win Senate 'big oil' tax fight?
March 28th, 2012
01:47 PM ET
3 years ago

Who will win Senate 'big oil' tax fight?

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

Filed under: Congress • Democrats • Energy • gas prices • Republicans • Senate
« older posts