Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

Corporate gatekeepers and big tech monopolists are making it more difficult than ever for independent media to survive. Please chip in today.

Gas prices of more than $7.00 per gallon are posted at a downtown Los Angeles gas station on March 9, 2022.

Gas prices of more than $7.00 per gallon are posted at a downtown Los Angeles gas station on March 9, 2022. (Photo: Frederic J. Brown/AFP via Getty Images)

Poll Shows 'Incredible' 80% of US Voters Support Windfall Tax on Big Oil

"If members of Congress refuse to act, it'll be concrete evidence that they’re in the pockets of the industry," said one climate advocate.

Jake Johnson

New survey data out this week shows that U.S. voters—regardless of party affiliation—overwhelmingly support a windfall profits tax on U.S. oil corporations that are using Russia's war on Ukraine to hike prices at the pump.

"GOP and industry disinformation is failing to convince people—voters know Big Oil is to blame."

According to polling results released by the League of Conservation Voters, 80% of U.S. voters—including 73% of Republicans—support "placing a windfall profits tax on the extra profits oil companies are making from the higher gasoline prices they are charging because of the Russia-Ukraine situation."

More broadly, 87% of U.S. voters want Congress and President Joe Biden to "crack down on price gouging and excessive price increases by oil companies that result in higher gas prices at the pump."

Jamie Henn, director of Fossil Free Media, said in a statement Friday that the survey data shows voters "know who is to blame for high gas prices: Big Oil."

"For politicians on both sides of the aisle, this polling is proof that their constituents overwhelmingly support the idea of a windfall profits tax that would stop Big Oil profiteering and send relief directly to consumers," Henn added. "If members of Congress refuse to act, it'll be concrete evidence that they’re in the pockets of the industry."

The fresh polling came days after a group of House and Senate Democrats unveiled legislation that would hit large, highly profitable oil companies with "a per-barrel tax equal to 50% of the difference between the current price of a barrel of oil and the pre-pandemic average price per barrel between 2015 and 2019."

"Once more for the people in the back: rising oil prices are being caused by corporate greed."

"Revenue raised from the windfall profits of big oil companies will be returned to consumers in the form of a quarterly rebate, which would phase out for single filers who earn more than $75,000 in annual income and joint filers who earn more than $150,000," according to a summary released by the office of Rep. Ro Khanna (D-Calif.), the bill's lead sponsor in the House.

After an initial surge following Russia's invasion of Ukraine, oil prices have fallen in recent days—but gas prices in the U.S. have remained elevated, bolstering the narrative that corporate profiteering is driving up costs at the pump.

"Oil prices are decreasing, gas prices should too," President Joe Biden wrote in a Twitter post on Wednesday. "Last time oil was $96 a barrel, gas was $3.62 a gallon. Now it's $4.31. Oil and gas companies shouldn’t pad their profits at the expense of hardworking Americans."

Rep. Pramila Jayapal (D-Wash.), the chair of the Congressional Progressive Caucus, echoed the president's message.

"Once more for the people in the back: rising oil prices are being caused by corporate greed," Jayapal wrote.


Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.

Omar Leads Charge Against Baby Formula Monopolies Amid US Shortage

Democrats urge the FTC to probe "any unfair or unsustainable practices, like deceptive marketing, price gouging, and stock buybacks, that may be weakening our nutritional formula supply."

Jessica Corbett ·


'Arbitrary, Racist, and Unfair': Judge Blocks Biden From Ending Title 42

"Only the coyotes profiteering off of people seeking protection have reason to celebrate this ill-reasoned ruling," said one migrant rights advocate.

Brett Wilkins ·


'This Is a War' for Democratic Party's Future, Says Sanders of AIPAC's Super PAC

"They are doing everything they can to destroy the progressive movement in this country," said the senator.

Julia Conley ·


Ginni Thomas Pressed Arizona Lawmakers to Reverse Biden's 2020 Win: Report

"Clarence Thomas' continued service on the Supreme Court is a scandalous and appalling breach of judicial ethics," said one observer. "He is implementing the exact same theories that his wife used to try to steal the 2020 election for Trump."

Brett Wilkins ·


Millions More Kids Going Hungry Since GOP, Manchin Killed Expanded Child Tax Credit

"Even brief disruptions in access to food can have lasting consequences," wrote the authors of a new analysis of worsening hunger among U.S. families.

Kenny Stancil ·

Common Dreams Logo