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Opinion: Why Aren't Environmentalists Cheering Higher Gas Prices?
By John Merline - AOL NewsAs gasoline prices continue to rise faster than station owners can update their signs, so too have calls to do something about the problem. Some Democrats are calling on President Barack Obama to uncork the Strategic Petroleum Reserve to help ameliorate the pain at the pump. Republicans are renewing calls for more domestic oil production, including offshore. So where are environmental groups? Sure, they're talking about the need for new, clean energy supplies, but often in the context of how that will help lower gasoline prices. But why aren't they out there cheering on high gasoline ...
Gas Prices Likely to Top $3 by Summer
By Steve Pendlebury - AOL News(Feb. 23) -- Even though demand for gasoline is down because of the weak economy, drivers can expect increased pain at the pump. Experts predict the rising cost of crude oil will drive retail gas prices above $3 a gallon this summer. The national average price for regular unleaded gas is about $2.66 a gallon now, according to AAA. That's nearly 80 cents more than a year ago, when prices had bottomed out after a wild ride in 2008. If the pattern repeats itself this year, prices will rise steadily for months to come. Fred Rozell, retail pricing director at Oil Price Information Service, told ...
States Raising Taxes to Cover Recession Shortfalls
By Emily Miller - Politics DailyThe recession has forced some states to raise taxes -- both personal income and sales -- to make up for budget shortfalls. In the first half of 2009, 10 states made major changes to personal income-tax rates, most of which are retroactive to Jan. 1 of this year. ...
Less Driving, More Efficient Cars Could Cost Consumers at the Pump
By Mark Impomeni - Politics DailySo much for doing what the government recommends. A commission created by Congress to study the way the nation's highway system is funded is set to issue a report later this month calling for an increase in federal gasoline and diesel fuel taxes to pay for road and bridge improvements. According to the report, the increase is needed to make up for a shortfall in revenues from the existing fuel tax. That shortfall is due to American drivers consuming less fuel and driving more fuel efficient cars and trucks. Less driving and greater fuel efficiency means less fuel purchased, and less taxes ...
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