Gasoline

By Nicole Jao Automobile association expects record 39.1 million to travel by car this weekend Gasoline prices surge due to Iran conflict; Strait of Hormuz closure impacts supply Analysts warn that low inventories, refinery outages and hurricanes could push prices higher NEW YORK, May 21 (Reuters) – Soaring gasoline prices and a looming fuel crunch …

Americans Brace for Pricey Summer Travel With Fuel Costs Near Multi-Year Highs Read More »

By Helen Coster and Rich McKay Gas prices surge to more than $4.50 a gallon nationwide Some drivers increasingly limit travel, avoid higher-priced gas stations More Americans turn to public transit NEW YORK, May 19 (Reuters) – Mali Hightower’s answer to high gas prices is a toy he fished out of someone’s trash. The 30-year-old …

High Gas Prices Spur Americans to Improvise, From Bus Rides to Toy Cars Read More »

Gasoline accounts for a shrinking share of household budgets, but its political power can still make or break a presidency. By Kevin Crowley In his 1987 book, Trump: The Art of the Deal, then-real estate mogul Donald Trump wrote that one of his 11 “Elements of the Deal” is to “know your market.” Rather than …

Why the Price of Gas Is the Most Important Number in US Politics Read More »

(Reuters) – The U.S. House passed legislation on Wednesday that would allow nationwide year‑round sales of gasoline containing 15% ​ethanol, handing a major win to biofuel producers and ‌farm groups while raising concerns among refiners about higher compliance costs. The H.R. 1346 bill, or the Nationwide Consumer and Fuel Retailer Choice Act, approved by ​a vote of …

US House Passes Bill Allowing Year-Round Sales of E15 Gasoline  Read More »

Trump is seeking to suspend the federal 18.4 cents U.S. a gallon tax on gasoline By Will Kubzansky A federal gasoline tax holiday as proposed by U.S. President Donald Trump would result in billions of dollars in lost tax revenue each month, independent budget analysts say. Trump told reporters at the White House on Monday …

Trump’s Gas Tax Holiday Would Cost US$3.5 Billion a Month Read More »

By Nandita Bose and Timothy Gardner Gas prices surge on Iran war, creating political risk for Trump and Republicans before midterms Gas tax suspension requires congressional approval, with Senator Hawley introducing supporting legislation Senator Mark Kelly, other Democrats, previously proposed waiver until October WASHINGTON, May 11 (Reuters) – President Donald Trump said on Monday he …

Trump Backs Reducing Federal Gasoline Tax ‘Till it’s Appropriate’ Read More »