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 [...]
The GOP candidates took some liberties when discussing jobs, Social Security, immigration, health care and other issues during the presidential debate at the Ronald Reagan Library: Perry exaggerated when he called Social Security a “Ponzi scheme” that won’t …
Summary We are issuing a split decision in the Obama vs. McCain dispute over whether proper tire inflation could save as much oil as expanded offshore drilling is likely [...]
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. [...]
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.
Summary Clinton and Obama both strained the facts at times during their debate in Philadelphia. Clinton said "people died" in 1970s bombings by a radical group of which an Obama [...]
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.