Suspending the federal gas tax, which would require Congress to agree, would drop gas prices only about 4% – less in high-cost states like California.
Articles on Gasoline
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As US gas prices climb, politicians are looking at ways to lower them. An economist breaks down what does − and doesn’t − move the number on the sign at the gas station.
Suspending the Jones Act will increase the supply of fuel by allowing foreign-flagged ships to transport oil between US ports, which should eventually educe gas prices.
Oil prices affect the US economy differently than in past decades. Nowadays, the US is less reliant on oil imports and uses less oil to produce more economic output.
The US produces more oil today than any other country, and there is no clear emergency on the scale of the energy crises of the 1970s. But there are some causes for concern.
The impact on people in the UK is probably similar. Unfortunately, no national data was collected, so we can’t be sure.
Countries have promised to reduce their fossil fuel subsidies to fight climate change, but that’s harder to do than it sounds, as an energy law expert explains.
Both gasoline and diesel fuel are refined from crude oil, but they are good for different things and can’t be used interchangeably.
The Garden State is the only one in the country that forbids self-service gas stations − and that’s not likely to change anytime soon.
Inflation remained near a 40-year high due to a jump in the cost of food and shelter. But that might not mean the Federal Reserve will get more aggressive when it comes to monetary policy.
We asked four experts to explain what gas taxes are used for and whether waiving them will make much of a difference to American households.
Consumers are feeling pain at the pump and demanding solutions. Some politicians are pushing gasoline tax waivers – but that means less money to fix roads, and often not much economic relief.
Oil revenues are crucial to Russia’s economy. The US only accounts for a small fraction of them, so banning Russian oil imports has mainly symbolic value.
Oil supply is very tight, and the current geopolitical crisis involving Russia, one of the world’s largest oil producers, has pushed prices over the edge.
Burning leaded gasoline releases toxic lead into the environment, and for 100 years people around the world have been dealing with the health effects. How did a century of toxic fuel come to be?
Proposals for new oil and gas pipelines can generate intense debate today, but during World War II the US built an oil pipeline more than 1,300 miles long in less than a year.
Ford’s electric F-150 pickup won’t roll off assembly lines until early 2022, but the company has received thousands of preorders already for a vehicle aimed at the mass market, not eco-buyers.
Electric cars offer benefits for low-income and minority drivers, including cleaner air and lower maintenance costs. But it will take more than rebates on new models to make EVs accessible for all.
There’s no question Tesla’s Cybertruck will face stiff competition in the electric pickup truck market. Here’s why it has the edge.
Vehicles in Canada are big, heavy and guzzle a lot of gasoline.
Top contributors
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Distinguished Professor of History and Environmental Studies, Penn State
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Director of Energy Studies, University of Florida
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Presidential Distinguished Professor of Energy Policy and City Planning, University of Pennsylvania
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Associate Professor of Economics, University of California, Davis
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Assistant Professor of Economics, Georgia Institute of Technology
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Director, Energy, Climate Justice, and Sustainability Lab, and Research Professor, New York University; Tufts University
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Associate Professor of Business, Boston University
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Professor of Mechanical Engineering; Director, W.E. Lay Automotive Laboratory, University of Michigan
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Research Associate (Centre for Energy Economics Research and Policy), Heriot-Watt University
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Deputy Dean International & Professor of Energy and Environmental Engineering
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Professor of Citizenship and Democracy, Syracuse University
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Associate Professor of History, Case Western Reserve University
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Professor of Communication, Radford University
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Assistant professor, Economics and School of Public Policy, University of Calgary
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Professor at the Haas School of Business, University of California, Berkeley