The paper contains a preliminary study on the role that dynamic pressure might play in the dynamics of a gas bubble oscillating in a liquid. To this aim, we introduce a mathematical model, proposed under the homobaricity hypothesis and deduced from the 14-moment theory of rational extended thermodynamics through significant simplifications, that makes the equations easily integrable over long time intervals. In the presence of a gas with high bulk viscosity, relevant effects can be observed in different physical conditions: isothermal or adiabatic regimes, small amplitude oscillations, non-linear oscillations, resonances, and sonoluminescence. To make the study more realistic, we always refer to carbon dioxide gas, which on the one hand could present high values of bulk viscosity and on the other hand is known for its peculiar behaviors in the framework of cavitation and gas bubbles.