4 item(s) were returned.
The Federal-Aid Highway Act of 1956, along with the Highway Revenue Act (1956) created the Highway Trust Fund (HTF) as a mechanism through which federal gasoline taxes would be used to fund the construction and maintenance of the U.S. highway system. Both the taxes themselves and the authority to place these funds into the HTF expire and must be extended periodically. In 1993, the last increase brought the federal gas tax to 18.4 cents per gallon, 24.4 cents per gallon for diesel. Many point to inflation and increased fuel efficiency as causes of significant shortfalls in the HTF and claim… [more]View Insight
Fuel Freedom Foundation
The recent projections for future energy consumption from Exxon Mobil’s report, “Outlook for Energy,” and the EIA’s “Annual Energy Outlook, 2013” essentially said the same thing concerning the potential for natural gas and its derivative methanol: Natural gas use now is only about 1 percent of the total fuel used in vehicles, and by 2040, it will only rise to 4 percent. This increase will take place in the trucking sector and liquefied natural gas (LNG). Owners of automobiles will not rush to natural gas, because of a lack of pumping stations and the low density of natural gas. Adam… [more]View Insight
Addressing high gasoline prices at a February 23 speech in Miami, President Obama made a case for continued investment in fuel economy and alternative fuel sources like algal biofuels and natural gas. The U.S. cannot drill its way out of high gas prices, he said, adding that anybody who says otherwise “doesn’t know what they’re talking about or just isn’t telling you the truth.” [Fox News] “It’s the easiest thing in the world to make phony election-year promises about lower gas prices,” Obama said. “What’s harder is to make a serious, sustained commitment to tackle a problem that may not… [more]View Insight
Note: Synopsis from Senator Lugar’s office. June 9, 2010—U.S. Senator Dick Lugar’s Practical Energy and Climate Plan, S.3464, prioritizes targeted policies that can bring real money and energy savings while providing flexible frameworks that encourage investment in a more secure energy future. Title I. Reducing Foreign Oil Dependence Vehicle efficiency standards for passenger vehicles (Sec 101). Currently, fuel efficiency standards for passenger cars and trucks do not increase unless Congress or the Administration acts. This expectation will be reversed, providing long-term, predictable increases with annual 4% target CAFE improvements that are cost effective. Vehicle efficiency standards for medium- and heavy-duty… [more]View Insight