鈥淭he White House鈥檚 US$10/bbl tax hike on crude oil could harm consumers, destroy jobs and raise energy costs,鈥 said API President and CEO Jack Gerard.
鈥淭his unprecedented tax hike 鈥 adding, according to public reports, about 30% to the cost of a barrel of oil and potentially about 25 cents to the cost of a gallon of gasoline 鈥 is just the latest bad idea from this administration when it comes to US oil and gas resources. API strongly supports Congressman Boustany鈥檚 resolution to oppose this harmful measure.鈥
API President Jack Gerard called on the president to put consumers first and not disrupt America鈥檚 energy renaissance with unnecessary, costly regulations.