Tag
The idea is drawing attention, but analysts disagree on whether White House pressure on the industry would work.
Still, many people told Gallup that they believe higher gas prices are temporary.
The war in Ukraine is forcing the U.S. to reconsider its dependence on oil.
The economic showdown between Russia and the EU enters a new phase
The move shows the president is trying to bring down prices, but he also appears to be going back on his word to curb oil and gas production.
Levies average 37 cents a gallon nationwide. Three states have made the move and more may join them, but it might not provide enough relief.
There are several reasons. For one, the state is highly dependent on foreign crude oil.
Those bipartisan calls from Congress follow the president’s ban on Russian oil and other energy imports.
Gas prices are based on oil prices, and traders are getting nervous about a potential ban on imported Russian oil.
The way U.S. oil refineries are set up has a lot to do with it.