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Excluding the COVID pandemic that dominated Trump’s last 10 months in office and sent oil and gas prices plummeting, the average pump price was $2.67. When Biden took office in January 2021, gas ...
Average monthly gas prices are down $1.91 per gallon from their peak in June 2022, according to the newest LendingTree analysis. But average daily gas prices are up by 0.7% year over year as of ...
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
The Lowering Gasoline Prices to Fuel an America That Works Act of 2014 is a bill that would revise existing laws and policies regarding the development of oil and gas resources on the Outer Continental Shelf. [1] The bill is intended to increase domestic energy production and lower gas prices. [2] [3]
President Barack Obama's economic team released a massive 447-page report (link opens PDF) on the economy last week. The introductory text describes what you might expect from such a report: The ...
If it were done, it was estimated the gas tax holiday would save consumers roughly $30 over the three-month period it would be instated. [1] However, Barack Obama and others argued that the oil companies would not significantly lower prices and would instead pocket most of the tax cut, effectively turning the cut into a tax loophole. [2]
Gas prices are finally starting to fall back down to earth in much of the country. According to AAA, the national average is down to $4.189 per gallon as of Aug. 2. Fuel costs started to climb ...
In his 2011 State of the Union Address, President Obama called for a goal, "By 2035, 80 percent of America's electricity will come from clean energy sources." [14] In January 2017, President Obama published an article arguing that private-sector incentives will help drive decoupling of emissions and economic growth.