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The proposal faces an uphill battle in the Republican-led Congress, which has repeatedly pushed back against the president’s climate change initiatives.
Houston drivers haven’t paid less on average than Abu Dhabi pump prices since 2008, according to data.
The report shows consumer tastes shifting toward restaurants and online shopping. The extra savings from falling gas costs have yet to boost spending much in other retail categories.
Fuel prices are continuing to sink with the price of oil, but also because of the lower demand for gasoline during the winter months when fewer people embark on road trips.
Oil prices settled at their lowest point of the current crude crash on Tuesday, falling to just under $34 per barrel on Wednesday
The price this Dec. 31 will cap off a year when plummeting crude oil prices, which have now fallen nearly 30 percent for all of 2015, also dragged down gasoline prices to their lowest since the Great Recession.
The Saudis are tightening their belts this year which can mean only one thing: you’re saving a bucket load on gasoline.
The Houston average for regular unleaded ticked down to $1.73 this week — the lowest since early 2009 — while the statewide average is just slightly higher at $1.76 a gallon.
Home sales are down sharply this year in North Dakota and the West Texas cities of Midland and Odessa. Home sales have also slowed in El Paso, and, more recently, in Houston.
Regular gasoline averaged $2.01 per gallon Tuesday, and it’s below $2 at most U.S. gas stations, GasBuddy reports.