gas tax

Oil stocks were on the move Wednesday as crude oil prices pulled back from recent highs and U.S. President Joe Biden said he will push for a suspension of the federal gasoline tax. WTI crude oil prices dropped 3.4% to around $105.70 per barrel on Wednesday morning, sending the United States...

U.S. Department of Transportation Secretary nominee Pete Buttigieg acknowledged on Thursday that raising the federal gas tax will be one of the options to fund "major investments" needed for highway infrastructure. "I think all options need to be on the table," Buttigieg said during his...

Members of the House Transportation & Infrastructure (T&I) Committee agreed on Thursday, February 7 on the need for a bold and long-overdue plan to fix the nation's infrastructure, but the big unanswered question continues to be how to fund it. Raise the gas tax? Install a vehicle-mile...

On Tuesday, New Jersey drivers will begin paying an extra 23 cents in taxes for every gallon of gas they buy. New Jersey Gov. Chris Christie recently signed into law a bill that will raise the state’s gas taxes for the first time in 30 years. Prior to the hike, New Jersey’s state...