Latest Fuel tax Stories

WASHINGTON (Reuters) - The average price U.S. consumers paid for gasoline jumped 3.9 cents over the last week to $2.97 a gallon, the second highest level ever, the government said on Monday. The national pump price for regular unleaded gasoline is up 65 cents from a year ago and not far from the record $3.07 reached last September after Hurricane Katrina disrupted petroleum supplies, according to the federal Energy Information Administration's weekly survey of service stations. The...

NEW YORK (Reuters) - U.S. average retail gasoline prices fell slightly during the past two weeks as demand remained flat, but could rise in coming weeks and months if the price of crude oil stays above $70 per barrel, according to the latest nationwide Lundberg survey. The national average price for self-serve regular unleaded gas was $2.8879 a gallon on June 23, a decline of about 4.5 cents per gallon in the past two weeks, according to the survey of about 7,000 gas stations. The...

By Tom Doggett WASHINGTON (Reuters) - The average price U.S drivers pay for gasoline increased for the second week in a row, rising another 1.4 cents over the last week to $2.91 a gallon, the government said on Monday. Motorists are paying 78 cents a gallon more for regular unleaded gasoline than they did a year ago, the federal Energy Information Administration said in its weekly survey of service stations. Pump prices are rising because of strong fuel demand and higher crude oil...

By Tom Doggett WASHINGTON (Reuters) - The average U.S. retail gasoline price jumped 2.5 cents in the last week to $2.89 a gallon, ending two straight weeks of falling pump costs enjoyed by motorists, the government said on Monday. The rise left motorists paying 78 cents a gallon more for regular unleaded gasoline than they did a year ago, the federal Energy Information Administration (EIA) said in its weekly survey of service stations. The latest increase mirrored higher crude oil...

By Tom Doggett WASHINGTON (Reuters) - U.S. retail gasoline prices declined 2.5 cents over the last week to $2.87 a gallon, the lowest level in six weeks, the U.S. government said on Wednesday. The pump price for regular unleaded gasoline is still 77 cents higher than a year ago, based on the Energy Information Administration's weekly survey of service stations. The drop in the latest pump price would have been steeper, but in a rare move the EIA revised up the prior week's national...

NEW YORK (Reuters) - U.S. average retail gasoline prices fell slightly over the past two weeks and could ease a bit more in coming weeks amid larger U.S. stocks of gasoline and flat demand, according to the latest nationwide Lundberg survey. The national average price for self-serve regular unleaded gas was $2.9328 a gallon on May 19, a decline of about 1.5 cents per gallon in the past two weeks and the first drop since February, according to the survey of about 7,000 gas stations. At...

WASHINGTON (Reuters) - Despite the average price of gasoline in the United States still holding just below $3 a gallon, higher fuel expenses shouldn't be enough to cancel the family driving vacation this summer, the government's top energy forecasting agency said on Wednesday. The average price for regular unleaded gasoline jumped 3.8 cents last week to $2.95 a gallon, after declining during the prior week for the first time in a month and a half. Spot gasoline prices, which are close...

WASHINGTON (Reuters) - The rise in U.S. retail gasoline prices slowed dramatically over the last week, increasing just half a penny to a national average of $2.92 a gallon, the government said on Monday. The latest pump price is still the fourth highest ever and up 68 cents from a year ago, based on the federal Energy Information Administration's weekly survey of service stations. However, the half penny price rise is much smaller than the roughly 10-cent jump in fuel costs that...

WASHINGTON (Reuters) - A plan by Senate Republicans to soften the blow of rising gasoline prices by giving taxpayers a $100 check and suspending a retail fuel tax has merit, U.S. Energy Secretary Sam Bodman said Friday. Bodman's comments to CBS television were taken as an indication the White House could support a proposal advanced by Senate Majority Leader Bill Frist on Thursday. "It certainly has merit," Bodman told CBS. "Whenever you have a proposal of that sort there's always the...

DOHA (Reuters) - There was little political will in Washington to raise taxes on gasoline, U.S. Energy Secretary Sam Bodman said on Monday. "There is not a lot of sentiment in Washington to raise gasoline taxes," Bodman told a news conference on the sidelines of the International Energy Forum in Doha. The United States uses over 40 percent of the world's gasoline and supplies. It faces supply disruptions in some states due to a switch to an ethanol mix in its motor fuel and concern...