WASHINGTON — Democrats in the US Senate on Tuesday proposed eliminating tax breaks for big oil firms and applying the expected $21 billion savings over 10 years to help reduce the deficit.
NEW YORK (Reuters) - The average price for a gallon of gasoline in the United States rose 11.98 cents in the past two weeks, but last week's fall in crude oil prices may signal lower costs to come, an industry analyst said on Sunday.
WASHINGTON (Reuters) - Congress should consider cutting multibillion-dollar subsidies to oil companies amid rising concern over skyrocketing gas prices, House of Representatives Speaker John Boehner said on Monday.
