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Senate Rejects Obama Call to Strip Oil Company Tax Breaks

Senate Rejects Obama Call to Strip Oil Company Tax Breaks

JEWEL SAMAD/AFP/Getty Images(WASHINGTON) — A last-minute entreaty by President Obama wasn’t enough to convince senators to strip the oil and gas industry of billions in tax incentives.The president said Thursday that Americans are getting fleece…

Gas Prices Reach Record High Again

Gas Prices Reach Record High Again

Kevork Djansezian/Getty Images(WASHINGTON) — Inching closer to the $4 mark, the average price of a gallon of regular gas in the U.S. is now $3.92, up 5 cents from a week ago,and 32 cents from a year ago, according to the Department of Energy.This is t…

Obama Centers Campaign on Gas Prices

Obama Centers Campaign on Gas Prices

Official White House photo by Pete Souza(WASHINGTON) — President Obama kicked his PR campaign on gas prices into a higher gear Wednesday, giving what is believed to be the first ever presidential interview to AAA.“I understand what folks are goi…

In Oil and UFO Country, Obama Says, ‘I Come in Peace’

In Oil and UFO Country, Obama Says, ‘I Come in Peace’

JIM WATSON/AFP/Getty Images(MALJAMAR, N.M.) — President Obama had a simple greeting for his New Mexico hosts when he arrived at a Roswell airfield Wednesday afternoon: “I come in peace,” he said.The words — a playful reference to the famo…

Sec. Chu Gives Energy Dept. an “A” on Gas Prices

Sec. Chu Gives Energy Dept. an “A” on Gas Prices

Secretary of Energy, Steven Chu (US Department of Energy)(WASHINGTON) — Energy Secretary Steven Chu told a House committee Tuesday morning that his agency deserved at least an “A” grade for its handling of gas prices and fuel standards.Tes…

Gas Prices to Climb Again in April?

Gas Prices to Climb Again in April?

iStockphoto/Thinkstock(NEW YORK) — There seems to be no end in sight for motorists suffering at the pump.On Monday, the Department of Energy reported that the average price of a gallon of regular gas currently stands at $3.87 — an increase of 4 cents…

Highest Gas Price Recorded for March

Highest Gas Price Recorded for March

Jupiterimages/Thinkstock(WASHINGTON) — The average price of a gallon of regular gas is now $3.87, up nearly 4 cents from a week ago and over 30 cents from a year ago, according to the Department of Energy.Last week, the average gas price was $3.83 a g…

Higher Gas Prices Drove Consumer Prices Up in February

Higher Gas Prices Drove Consumer Prices Up in February

Kevork Djansezian/Getty Images(WASHINGTON) — Consumer prices in the United States rose by 0.4 percent in February, according to the latest report from the Commerce Department.  That’s the biggest jump in 10 months.Much of the increase is because …

Obama: "As Gas Prices Go Up, People Feel I’m Not Doing Enough"

Obama: "As Gas Prices Go Up, People Feel I’m Not Doing Enough"

Win McNamee/Getty Images(WASHINGTON) — With the price of gas becoming an increasingly critical issue on the campaign trail, President Obama admitted on Monday that “as long as gas prices are going up, people are going to feel like I’m not …

Poll: Rising Gas Prices Have Dented Obama’s Rating

Poll: Rising Gas Prices Have Dented Obama’s Rating

JIM WATSON/AFP/Getty Images(NEW YORK) — More than half of Americans for the first time expect President Obama to be re-elected, according to the latest ABC News/Washington Post poll, but that won’t make it easy.Even as expectations have moved hi…

What Will Happen to the US If Israel Attacks Iran?

What Will Happen to the US If Israel Attacks Iran?

iStockphoto/Thinkstock(NEW YORK) — President Obama is meeting with Israeli Prime Minister Benjamin Netanyahu at the White House on Monday to try to talk him out of an immediate strike on Iran’s nuclear sites.But if Israel does decide to bomb Iran, wha…

Romney Swipes at Gingrich’s Gas Price Promise

Romney Swipes at Gingrich’s Gas Price Promise

Richard Ellis/Getty Images(SNELLVILLE, Ga.) — Mitt Romney took an indirect swipe at GOP rival Newt Gingrich on Sunday during an appearance in the former speaker’s home state of Georgia, telling a crowd of hundreds that he won’t “pand…

Newt Gingrich: Obama’s Goal Is ‘$8 or $9 a Gallon’ Gas

Newt Gingrich: Obama’s Goal Is ‘$8 or $9 a Gallon’ Gas

Richard Ellis/Getty Images(NEW YORK) — GOP presidential candidate Newt Gingrich chided the Obama administration on Sunday morning, saying the president has “a goal getting us to pay European-level prices” for gas.“This president and …

Santorum Blames Recession on High Gas Prices

Santorum Blames Recession on High Gas Prices

Bill Pugliano/Getty Images(LANSING, Mich.) — Rick Santorum told an audience Monday that the 2008 recession was caused not by unsustainable housing prices or reckless lending practices, but by high gas prices and Americans who could not pay their mortg…

Gingrich Makes $2.50 Gas His New Campaign Brand

Gingrich Makes $2.50 Gas His New Campaign Brand

Richard Ellis/Getty Images(SAN FRANCISCO) — In Iowa, Gingrich branded himself as the positive campaigner. In Florida, he became the Mitt Romney bulldozer. For Super Tuesday, Gingrich is trying a new route: a $2.50 gasoline promise.The Gingrich campaig…

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