Gas Prices

Senator Bernie Sanders has a plan to significantly lower gasoline prices. Under one of his proposals, drivers in Vermont would save about 40 cents a gallon for a period of six months, according to Vermont Public Radio. Rather than take money from the federal transportation fund, Sanders would impose a tax on major oil companies. The excise tax plan is part of a comprehensive package Sanders has de

Senator Bernie Sanders has a plan to significantly lower gasoline prices. Under one of his proposals, drivers in Vermont would save about 40 cents a gallon for a period of six months, according to Vermont Public Radio. Rather than take money from the federal transportation fund, Sanders would impose a tax on major oil companies. The excise tax plan is part of a comprehensive package Sanders has developed. If you do that, you can have some impact on driving gas prices down. You have to move forward in a number of other areas, as well, dealing with OPEC, dealing with speculation. You add all those things up, you bring some immediate relief to people right now who simply cannot afford to pay these outrageous high prices," he said.

To read or hear more about Sanders' views on how to rein in gasoline prices, click here.