Showing posts with label gas prices. Show all posts
Showing posts with label gas prices. Show all posts

Stephen Moore: No, We Don't Need A Gas Tax Hike

Politicians want to fatten the pot from which they steal.  It's summertime and that means millions of Americans will soon be cramming in the minivan for family vacation. But Congress may soon be raising the cost of those trips by increasing the federal gas tax. Why? The highway trust fund that finances our national highway system is running  ... MORE

California Gas Prices Almost A Dollar A Gallon More Than National Average Due To Needless Taxes And Regulation

by Gregg Laskoski.    What is "middle-class economics"? We’ll probably be hearing a lot of answers to that question in the coming months as politicians vie for position in the 2016 presidential election. The New York Times took a close look at America’s middle class after President Barack Obama discussed it in aspirational terms during his State of    ... MORE

Walter E Williams: Defense Against Demagogues

Economic ignorance used as a political tool. When gasoline sold at record prices, Sen. Bernie Sanders, I-Vt., said, "I think it's time to say to these people, 'Stop ripping off the American people.'" When the average price of regular gas was close to $4 a gallon, Sen. Chuck Schumer, D-N.Y., called for Congress to look into breaking up giant oil companies. ... MORE

Daniel Kish: Santa Comes Early Bearing Gift of $2 Gas

Are oil companies less greedy or what?  For most Americans, the annual Christmas journey to grandma’s house will be less expensive this year. Gas prices are at their lowest levels in five years, thanks largely to booming domestic oil production on state and private lands. That surge promises to put more money in our pockets—and perhaps more  ... MORE

This Is What An Economy In Free Fall Looks Like

by Rick Moran.      The Russian economy is in free fall as the ruble has lost half it's value during the dizzying slide in oil prices. Last Tuesday, the ruble tumbled 10% - a follow up to Monday's 10% slide.This precipitated panic buying in the stores as Russian consumers, fearing their rubles will only become less valuable in the near term, crowded retail       ... MORE

Ronald Bailey: How Low Can Gas Prices Go?

Peak oil? What peak oil?     The price of oil in global markets has plunged by nearly 40 percent over the past six months. As a result, the price of a gallon of regular gasoline in the U.S. has dropped from an average of $3.68 in June to $2.74 this week. In June, the U.S. Energy Information Administration had projected that a gallon of gas    ... MORE

Ed Feulner: Why Gasoline Prices Are Down

And how we can keep them that way.       If you’re like most Americans, you haven’t been questioning the welcome drop in gasoline prices. You just fill ‘er up and feel grateful that you’re spending less. Why has this remarkable drop come about? And what can we do to help keep prices lower? Some of it, unfortunately, is beyond our control.   ... MORE

Larry Kudlow: Lower Oil Prices Are a Free-Market Victory

And a big tax cut.   Seldom has so much good news been portrayed so negatively. Oil prices continue to fall in the U.S. and around the world, but near everyone in the media is grumpy about it. The headlines today are among the silliest I’ve seen: Energy-company stocks are declining, oil deflation is an economic threat, the Fed might raise rates much  ... MORE

Walter E Williams: Energy Manipulation

Lobbying for hypocrisy.      Why is it that natural gas sells in the U.S. for $3.94 per 1,000 cubic feet and in Europe and Japan for $11.60 and $17, respectively? Part of the answer is our huge supply. With high-tech methods of extraction and with discovery of vast gas-rich shale deposits, estimated reserves are about 2.4 quadrillion cubic feet.      ... MORE

John Stossel: Gas Myths

Plan to drive more this summer?     Annoyed by the price of gas? Complaining that oil companies rip you off? I say, shut up. Even if gas costs $4 per gallon, we should thank Big Oil. Think what they have to do to bring us gas. Oil must be sucked out of the ground, sometimes from war zones or deep beneath oceans. The drills now bend and dig sideways   ... MORE

John Stossel - Green Tyranny

Green intentions, black results.     Environmental activists and politicians would like you to think that we must love their regulations -- or hate trees and animals. I love trees and animals. But you can love nature and still hate the tyranny that environmental regulations bring. The Environmental Protection Agency just announced it   ... MORE

VIDEO: How Much Gov't Makes Off Your Car In California

New Obama Regs For Gas To Add Up To 9 Cents A Gallon

by Rick Moran.   Because it's for the kids, don't ya know? The new regs would remove 90% of sulfur from gasoline and tighten emission standards on cars. AP: An oil industry study says the proposed rule being unveiled Friday by the administration could increase gasoline prices by 6 cents to 9 cents a gallon. The Environmental Protection Agency estimates   ... MORE

If There Is No Inflation, Why Are Prices Up So Much?

by Michael Sivy. Last week, I ran out of ink for my printer and ordered some more online. My computer automatically pulled up the previous order, and I was shocked to see that the price of the ink cartridges I was buying had gone up 25%. To my mind, ink always seems overpriced. Manufacturers sell printers cheaply because they know that they  ... MORE

IBD: EPA Ups Mandate For Nonexistent Fuels

Bureaucrats impose more pain at the pump.   In yet another green folly, the lawless Environmental Protection Agency continues to fine gasoline producers for not using cellulosic biofuels in quantities that don't exist, making only more pain at the pump. Last month, a federal court dealt a serious blow to the Environmental Protection Agency's renewable  ... MORE

Husna Haq: Why Is Wal-Mart Worried?

Tax increases gouge low-income consumers.      Retailers are preparing for a triple whammy as the restoration of the payroll tax, surging gas prices, and stagnant employment and wages take a bite out of consumers’ disposable income, leaving them with less cash to spend on clothing, groceries, and eating out. As a result, more than three   ... MORE

Douglas French: Down And Out In California

Golden State is fast losing its luster.     Gas in Vegas is a dollar cheaper a gallon than in the Golden State, or so a friend and recent LA transplant tells me. He went on to say the top tax rate in California is over 13%, while, of course, Nevada has no state income tax. Over dinner at Del Frisco’s, he explained how industries are being ruined by         ... MORE

Carbon Tax Could Come After Fiscal Cliff Deal

by William Bigelow.     According to one former member of the White House Climate Change Task Force under President Clinton, President Obama may have plans to implement a carbon tax as soon as the fiscal cliff negotiations are settled.  Forget the fact that Obama and his minions have repeatedly protested that they won’t press for a carbon tax, Paul   ... MORE