In this Wednesday, Sept. 30, 2015, photo, motorists get gas at a Costco station in Sacramento, Calif. Fuel experts, economists and consumer advocates appeared at a hearing of the Petroleum Market Advisory Committee, Monday, Feb. 8, 2016, to discuss why California gas prices are consistently higher than the national average.
In this Wednesday, Sept. 30, 2015, photo, motorists get gas at a Costco station in Sacramento, Calif. Fuel experts, economists and consumer advocates appeared at a hearing of the Petroleum Market Advisory Committee, Monday, Feb. 8, 2016, to discuss why California gas prices are consistently higher than the national average. Rich Pedroncelli AP
In this Wednesday, Sept. 30, 2015, photo, motorists get gas at a Costco station in Sacramento, Calif. Fuel experts, economists and consumer advocates appeared at a hearing of the Petroleum Market Advisory Committee, Monday, Feb. 8, 2016, to discuss why California gas prices are consistently higher than the national average. Rich Pedroncelli AP

Obama wants a $10 tax on oil. Here’s why economists agree

February 08, 2016 10:55 AM

UPDATED February 08, 2016 11:32 PM

More Videos

  • In 90 Seconds: Thanksgiving 2017, by the numbers

    How much turkey will you eat and money will you spend this Thanksgiving? Here are some predicted stats to reassure you that most Americans enjoy a big feast, Thanksgiving football and Black Friday shopping.