gas prices

Here’s what it could mean for your wallet if federal or state government temporarily suspend taxes at the pump.

President Joe Biden called on Congress to suspend the federal gas tax, an 18-cent-per-gallon tax, to give customers relief as prices at the pump remain high. Oil prices are coming down too, which will decrease the price of gasoline. Patrick De Haan of Gasbuddy is confident that prices will keep coming down, potentially into the July 4 weekend.

Facing stubbornly high gas prices that average about $5 a gallon nationwide, President Joe Biden on Wednesday urged Congress to suspend federal gasoline and diesel taxes for three months. If savings from the 18.4 cents-a-gallon federal tax on gas are fully passed along to consumers, drivers would save about $2.76 for a 15-gallon fill-up. It’s unclear, though, if Biden can…

“I call on the companies to pass along every penny of this 18 cents reduction to the consumers,” President Joe Biden said Wednesday.

Drivers are desperate for a deal on gas as prices seem to have settled in at about $5 a gallon. “It’s getting outrageous,” small business owner Brandon Yemma said. President Joe Biden is calling on Congress to suspend the federal gas tax through the end of September. That would save drivers 18 cents per gallon on regular fuel and 24…

Here in Massachusetts, lawmakers already backed off from suspending the 24-cent per gallon state tax, something Mark Schieldrop with AAA Northeast explained.

At issue is the 18.4 cents-a-gallon federal tax on gas and the 24.4 cents-a-gallon federal tax on diesel fuel. President Joe Biden is also calling on states to suspend their gas taxes and retailors to immediately lower their prices to reflect the savings. And he’s pushing the oil industry to step up supply. For many, it would be welcome relief...

President Joe Biden called on Congress Wednesday to suspend the federal gasoline and diesel taxes for three months.

In a pointed back and forth, the head of Chevron complained Tuesday that President Joe Biden has vilified energy firms at a time when gasoline prices are at near record levels and the president responded that the oil company CEO was being “mildly sensitive.” The president in recent weeks has criticized oil producers and refiners for maximizing profits and making…

With gas prices at historic highs, the Biden administration and Democratic lawmakers are considering giving drivers a break on federal gas taxes.

After averages jumped just above $5 a gallon last week, gas prices have dipped back down below that mark to $4.99, AAA said Tuesday. That average is 26 cents higher than a month ago, when we were at $4.73 a gallon, and more than $2 higher than this date last year, when averages were at $2.95. AAA Northeast said the…

Americans aren’t alone when it comes to struggling with high gas prices. But people across the globe are paying a lot more for gas, and it’s actually much worse elsewhere. For example, it’s $6.49 in Canada, $8.06 in France, and $10.70 in Norway. But the most expensive gallon of gas goes to Hong Kong where drivers are paying a whopping $11.21.

President Joe Biden said Monday that he’s considering a federal holiday on the gasoline tax, as the administration looks for ways to spare the public from higher prices at the pump, which began to climb last year and surged after Russia invaded Ukraine in February

Around the world, drivers are looking at the numbers on the gas pump and rethinking their habits and finances.

“If you have something, you have to share it with other people,” said Jaswiendre Singh of Phoenix, whose Sikh religious values factored into his decision.

Equating the oil and gas industry to Big Tobacco, United Nations Secretary-General Antonio Guterres says that “fossil fuel producers and financiers have humanity by the throat.” But President Joe Biden wasn’t quite itching for a fight. With both soaring energy prices and a warming planet weighing on world at the Major Economies Forum on Energy and Climate, Biden on Friday...

With inflation at a 40-year high and price increases evident on many necessities such as gas, food and services, some Massachusetts businesses are looking at ways to make things easier on employees.

With inflation putting a strain on just about everyone’s wallet, some local businesses are looking at ways to make things a little easier on employees. Inflation is at a 40-year high, with price increases evident on many necessities such as gas, food and services. Massachusetts-based Big Y is stepping up big, giving raises to all its hourly employees to...

Biden warned refiners the administration is ready to “use all reasonable and appropriate Federal Government tools and emergency authorities to increase refinery capacity and output in the near term”

The nationwide average price for a gallon of gasoline has topped $5 for the first time ever.