Gas and Oil
Lawmakers both in Washington and Austin are considering possible gas tax increases to pay for much needed road improvements. Last week federal lawmakers unveiled a bipartisan plan to raise the federal gasoline tax by 12-cents.
As a rule, gasoline prices typically begin to fall after Labor Day, but Isaac may put a kink in that.
Houston-based ConocoPhillips, the nation’s third-largest oil company, said Thursday that it will split itself into two separate publicly traded companies and its CEO and Chairman Jim Mulva plans to retire.
Felicia Allen got a surprise when she filled up her car. The gas had water in it. That’s one reason inspectors check the quality of gas at pumps.
As the price of gas goes up, North Texans are seeing more ads claiming to boost your cars gas mileage. Officials with the BBB say all of the ads have been tested and all of them are scams.
Dallas resident Mark Fuqua just returned from working out of state for one month, where he didn’t have to worry about filling his 1993 Jeep up once. An empty tank welcomed him home, and he was soon off to the gas station, where he found that gas prices had soared to nearly $3.50 a gallon while he was away.