
file photo by Boyd Loving
Nathan Bomey, USA TODAY9:26 a.m. EST February 5, 2016
Consumers will likely pay the price for President Obama’s proposed $10 tax per-barrel of oil, an administration official and a prominent analyst said Thursday.
Energy companies will simply pass along the cost to consumers, Patrick DeHaan, senior petroleum analyst for GasBuddy.com, which tracks gas prices nationwide, said in an interview with USA TODAY.
Obama is set to propose the tax when he reveals his budget next week, as part of an effort to reduce carbon emissions and generate billions of dollars for mass-transit investments and self-driving vehicles. The new tax would be phased in over five years, and would apply to both domestic and imported oil.
https://www.usatoday.com/story/money/2016/02/04/president-obama-oil-tax-gasoline/79835274/