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Tag Archives: gasoline
Gingrich’s Inflated Gasoline Claim
Newt Gingrich exaggerates when he says the Environmental Protection Agency has a proposal “that would raise the price of gasoline by 25 cents a gallon.” Gingrich’s cost estimate comes from an oil industry study of “clean gasoline” recommendations made by U.S. automakers. The EPA has yet to issue a proposal, …
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Bluegrass Gasoline Blues
Summary Senate Minority Leader Mitch McConnell of Kentucky is running an ad blaming his opponent for contributing to high gasoline prices in the state. We find that’s a big exaggeration. At most, prices are 12.1 cents per gallon higher as a result of the 1980 tax change that was favored …
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Tagged Bruce Lunsford, gasoline, gasoline tax, Mitch McConnell, taxes
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Diesel Fuel and Gasoline Costs
Q: Why does diesel fuel cost more than gasoline? A: The main reason is rising global demand, but new environmental restrictions and higher federal taxes also are factors.
Gasoline Tax Profits
Q: Does the government really make more in taxes from the sale of a gallon of gasoline than the oil companies do? A: Possibly. Both taxes and profits account for a large share, but which is larger depends on too many unknown factors to allow for a clear answer.







