Senators Introduce 'Pay Less at the Pump Act' to Repeal Superfund Tax and Lower Energy Costs
Senators John Barrasso and Mike Carey have proposed the 'Pay Less at the Pump Act' to repeal the federal Superfund Tax on crude oil and petroleum imports. This tax, reinstated at 16.4 cents per barrel, contributes to higher fuel prices and consumer costs. The legislation is supported by several Republican senators and major industry groups, as it aims to reduce production costs and enhance U.S. energy competitiveness.
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The 'Pay Less at the Pump Act', introduced by Senators John Barrasso and Mike Carey, seeks to repeal the Superfund Tax on crude oil and imported petroleum products. This tax, reinstated at 16.4 cents per barrel, has been linked to rising fuel and consumer prices.
Repealing the tax is expected to benefit domestic energy producers and lower overall energy costs. The bill has bipartisan support from Republican senators and is backed by industry groups such as the Petroleum Association of Wyoming and the American Petroleum Institute, who argue it increases production costs and undermines U.S. competitiveness. Funds from the Superfund tax are used by the EPA for environmental cleanup.
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