A Republican congressman Monday introduced a new carbon-tax proposal which would repeal the federal gasoline tax, causing a slight increase in gasoline prices, but having no forecast impact on crude oil production. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Florida Representative Carlos Curbelo’s bill would replace the gasoline tax with a tax on carbon emissions from oil refineries, gas processing plants, coal mines, industrial facilities and import facilities of ethanol, biodiesel and other products. The tax would start at $24/ton of carbon dioxide emissions in 2020 and would rise at 2% above the rate of inflation annually. The bill, which limits federal regulation of greenhouse gas emissions, would eliminate the federal gasoline tax, which has been 18.40 cents/gal since 1993 and is used to fund the National Highway Trust Fund. But Curbelo said the gasoline tax is no longer able to […]