Virginia’s governor is once again proposing a suspension of the state’s gas tax as prices at the pump remain near record highs. “It’s time for us to give Virginians a break, and we’re going to work hard to suspend the gas tax,” Governor Glenn Youngkin (R) said in a Tuesday interview with Fox News Radio. “I’ve got to … Continued
Georgia Governor Brian Kemp (R) and Maryland Governor Larry Hogan (R) on Friday signed legislation to suspend state taxes on gas as prices increase nationwide. Maryland’s gas tax will be suspended for 30 days, while Georgia’s will be suspended through May 31st. Prior to signing the bill, Hogan held a press conference where he thanked state leaders … Continued
The bill aims to suspend the state fuel tax on gas, diesel, and alternative fuels starting April 1, 2022, through September 30, 2022, in reaction to per-gallon prices hitting record levels. he GOP-dominated Michigan Senate approved a bill aiming to cut the 27-cent per gallon state gas tax for six months. The 24-14 Senate vote … Continued
At least 1.4 million households and other residential customers in New York are behind on electric and natural gas bills—a number that soared during the pandemic—and consumer advocates are calling on the state to pay off their ballooning debt with federal funding. In the spring of 2020, New York passed the nation’s only utility shut-off moratorium protecting … Continued
Looking at the instability of the European energy markets, Pennsylvania House Republicans are urging Gov. Tom Wolf to unleash Pennsylvania’s natural gas stores to power the world. The largest natural gas reserve in the United States is mostly underground, in Pennsylvania and West Virginia. “If our region was its own country, we’d be the eighth largest natural … Continued
The city of Boulder, a haven of anti-fracking activism, offered tips Monday to residents struggling with rising home-heating prices amid a global natural-gas shortage. The city’s website warned that residential natural gas bills are expected to increase this year by 37% over last winter and offered hints to keep costs down, including lowering the thermostat, … Continued
There’s a saying, “The road to hell is paved with good intentions.” If that’s true, the recent passage of the Biden administration’s “infrastructure” package just added an express lane. The massive $1.2 trillion bill, called the Infrastructure Investment and Jobs Act (“Jobs Act”), balloons the $29 trillion national debt on what’s largely a green energy boondoggle while sending states like … Continued
The Democratic chairman of the Senate Energy Committee criticized President Biden for tapping into the Strategic Petroleum Reserve on Tuesday while pushing “short-sighted” energy policies that were contributing to the skyrocketing price of gasoline. Sen. Joe Manchin III, West Virginia Democrat, said the move amounted to little more than a short-term fix to a larger problem stemming … Continued
Sen. Steve Daines wants President Biden to spur domestic energy production to combat skyrocketing gasoline and heating costs across the country. Mr. Daines, Montana Republican, introduced legislation on Tuesday requiring the Interior Department to restart oil and gas leasing on federal lands and waters. The bill aims to boost domestic energy production, which has lagged since Mr. Biden … Continued
West Texas Intermediate crude futures, the U.S. oil benchmark, crossed $80 per barrel on Friday for the first time since November 2014 as demand rebounds while supply remains tight. The U.S. oil benchmark jumped more than 2% to trade as high as $80.09 on Friday. Brent crude, the international benchmark, advanced 1.7% to $83.32 per barrel. … Continued
Gas prices have reached a seven-year high, skyrocketing nearly 50 percent over the last year. The national average price of gas on Wednesday hit $3.22, according to AAA, up from $2.18 just a year ago. The spike comes as oil prices have surged in recent weeks to their highest level since 2018. Analysts say the … Continued
Mismanagement and the push for renewables are degrading the reliability of the U.S. electrical grid. Generac Power Systems, a company that produces home generators and other equipment, announced in July record sales of $920 million during the second quarter, a 68% jump over last year. But what’s good for Generac is bad for America. That’s no … Continued
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