Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

U.S. mulling pausing federal gas tax as option to cut prices, energy secretary says

Published 06/19/2022, 09:48 AM
Updated 06/19/2022, 10:01 AM
© Reuters. FILE PHOTO: U.S. Secretary of Energy Jennifer Granholm looks on during a news conference at the Strategic Petroleum Reserve site at Bayou Choctaw, Louisiana, U.S. May 24, 2022. REUTERS/Jonathan Bachman/File Photo

WASHINGTON (Reuters) - U.S. Energy Secretary Jennifer Granholm said on Sunday that the administration of U.S. President Joe Biden was evaluating a pause on federal gas tax as one of the options to bring down prices.

Latest comments

Unless government cuts spending by an equal amount this will just necessitate more money printing to support increased government debt. It’s just theatrics to fool their economic ignorant supporters.
the best option is to send everyone 16 and over a gas preloaded debit card that only works for gasoline. Then each month put $400 on it or whatever
If they cut gas tax they'll let inflation run higher someplace else. It's all about revenue. Cash starved deeply indebted state and fed governments get more sales tax on every item when it costs more to buy. If you look at the 70 year fed reserve debt charts, homicide charts, consumer debt and purchasing power charts you'll see they all start to rise right about the early mid 70's. And, that was right after the liberals recaptured the federal power they lost right after the great depression. The truth is, liberals think they're entitled to get rich through putting people they see as inferior in debt and at risk. In the USA, this is the 3rd time it's happened (mid 1800's, early 1900's, and early 70's), and they all resulted in really bad times for most people. All the issues liberals sell the public are smoke hiding the reality that is in plain sight.
Where are your facts refuting Todd Gray’s? You’ve merely provided your opinion and nothing else.
I wa assuming a minimum of the common knowledge obtained with a high school education, but if you insist on an example: Democrats did not loose federal power right after the great depression, as the know-nothing asserts; in fact, they retained it through the 12 years of the longest serving president, Democrat Franklin Delenoe Roosevelt. And another glaring error, the great depression was not in the 1970s, as the know-nothing asserts, it started in 1929. Got it?
Brad. Todd is right about one thing, for sure, Democrats NEED people to be poor and dependent. If everyone was successful, had $, and took personal responsibilty, Democrats, with their love of centralized government control of peoples lives would not be needed. This is why almost every Democrat initiative produces the exact oppositeof its stated intent.
What is there to mull? Just get it done, before it is $10/ gal
this saves like 15 cents. hardly noticable
For non English native speakers, those titles are very hard to understand.
are they used "mulling" any time before the Stock muln?
What?
 Whatever mulling means, I am not so familiar with two consecutive ing forms, besides, I would have preferred: The energy secretary says his cabinet is mulling pausing the federal gas tax as an option to cut prices. Of course it's longer.
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.