This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.

Search form

By the Numbers: $7,610

Summary: 
As gas prices rise, oil companies just watch their profits increase. And yet, they're still subsidized by Congress to the tune of $4 billion a year. That's about $7,610 every minute.
By the Numbers (March 12, 2012)

As gas prices rise, oil companies just watch their profits increase. And yet, they're still subsidized by Congress to the tune of $4 billion a year.

That's about $7,610 every minute.

To learn more about why gas prices are on the rise and President Obama's strategy to take control of our energy future and avoid gas spike prices in the future, check out our new infographic.

Want to know more about President Obama’s blueprint for an America built on homegrown energy? Here’s everything you need to know.