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White House exploring ways to lower gas prices
CBS NEWS ^ | 3-30-2022 | IRINA IVANOVA

Posted on 03/30/2022 8:35:12 AM PDT by deport

As U.S. gasoline prices hover near a 14-year high, the Biden administration is exploring ways to lower fuel costs, from suspending federal gas taxes to further tapping the nation's Strategic Petroleum Reserve.

Among the options the White House is examining for reining in gas prices are reopening the Strategic Petroleum Reserve, suspending the federal gas tax and offering incentives to oil producers to increase output, Stein said.

Treasury Secretary Janet Yellen has said she is open to suspending the federal gas tax on fuel. Democrats in the Senate have introduced legislation that would suspend the 18.5-cents-per-gallon tax for the rest of the year, although critics note that doing so would deplete the Highway Trust Fund, which pays for road maintenance. Several states have already eliminated their own state gas taxes.

(Excerpt) Read more at cbsnews.com ...


TOPICS: Business/Economy
KEYWORDS: gasoline; govt; prices
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1 posted on 03/30/2022 8:35:12 AM PDT by deport
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To: deport

Exploring other ways to lower gasoline prices, not the way to lower them.


2 posted on 03/30/2022 8:37:01 AM PDT by Jonty30 ( I am an extremely responsible person. When something goes wrong, my boss asks if I was responsible.)
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To: deport

3 posted on 03/30/2022 8:37:55 AM PDT by deport
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To: deport

Putin’s Price hike. Biden will do nothing and say he did.


4 posted on 03/30/2022 8:38:07 AM PDT by TornadoAlley3 ( I'm Proud To Be An Okie From Muskogee)
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To: deport

In the words of the great philosopher, “drill, baby, drill!”


5 posted on 03/30/2022 8:38:34 AM PDT by marron
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To: deport

Adopt Trump mantra and reestablish US energy independence.


6 posted on 03/30/2022 8:39:23 AM PDT by Reno89519 (FJB. Respect America, Embrace America, Buy American, Hire American.)
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To: deport

So, are they going to stop printing money like banshees?


7 posted on 03/30/2022 8:39:56 AM PDT by marron
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To: deport

Drill more, open pipelines, stop green non-sense there are three ideas??
Hmmmmm?????????????


8 posted on 03/30/2022 8:40:23 AM PDT by bantam
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To: deport

the Biden administration is exploring ways to lower fuel costs, from suspending federal gas taxes to further tapping the nation’s Strategic Petroleum Reserve.


but not producing more gas...........................


9 posted on 03/30/2022 8:40:34 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: deport
$60K vouchers for EV's!

...with proof of(latest)booster shot.

10 posted on 03/30/2022 8:40:45 AM PDT by RckyRaCoCo (Please Pray For My Brother Ken.)
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To: deport

“With gas prices hovering near a 14 year high.” ???

I think that mark was passed a few weeks ago.

Like the Fake News saying there are only 11 million illegals in America, for 30 years in a row only 11 million.

But I don’t care, as long as I get an increase in my weekly chocolate ration.


11 posted on 03/30/2022 8:41:01 AM PDT by Quentin Quarantino
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To: deport

Way #1: Inaugurate President Trump.

There is no Way #2+


12 posted on 03/30/2022 8:42:41 AM PDT by ProtectOurFreedom (“Sorry, I’m not a biologist.”)
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To: deport

Supply and demand problem. Solution: Open the domestic spigot for oil and natural gas and stop trying to destroy the oil industry.

A third-grader could solve the problem of high gasoline prices in America.


13 posted on 03/30/2022 8:43:18 AM PDT by Gnome1949
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To: deport

Drill baby drill


14 posted on 03/30/2022 8:44:13 AM PDT by Pxzftrnqfrn
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To: deport

Everything but drilling, production, etc., or what we call an actual solution.


15 posted on 03/30/2022 8:46:33 AM PDT by KC_Conspirator
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To: deport

Joe Biden needs to adopt Donald Trump’s blueprint about energy and then the price of gasoline will decrease. It will also strengthen our national security. We have the hydrocarbon resources to again become energy independent. Trump proved that in less than four years.


16 posted on 03/30/2022 8:46:47 AM PDT by Saltmeat (69)
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To: deport

This IDIOT is going to DRAIN our reserves then when something happens the country will be SCREWED, just like they DRAINED our PPE, ventilators etc. when we need them Obama and Biden left the cupboards BARE!! Trump had our reserves filled to capacity this MORON is draining all of it for what is ONE day of gas at a time YOU CANT FIX STUPID!! Drill baby drill, I would love to know the reason for this utter stubbornness when it comes to our natural resources!!


17 posted on 03/30/2022 8:47:33 AM PDT by Trump Girl Kit Cat (Yosemite Sam raising hel)
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To: Jonty30

Increasing supply is the usual method....


18 posted on 03/30/2022 8:47:34 AM PDT by shadowlands1960 ("...some day you will be old enough to start reading fairy tales again... " CSL)
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To: deport

Joe Biden needs to adopt Donald Trump’s blueprint about energy and then the price of gasoline will decrease. It will also strengthen our national security. We have the hydrocarbon resources to again become energy independent. Trump proved that in less than four years.


19 posted on 03/30/2022 8:47:40 AM PDT by Saltmeat (69)
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To: deport

There’s nothing to “explore.” Just bring back the Trump energy policies.


20 posted on 03/30/2022 8:48:02 AM PDT by eastexsteve
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