President Joe Biden wants to lower gas prices by declaring a ‘gas tax holiday’ for the next three months. He’s urging Congress to approve the plan and “take this step to help American families”. Under the proposal, a federal gas tax of 18 cents per gallon and 24 cents per gallon of diesel would be suspended until September. The average price for a gallon of gas in the U.S. is currently $4.95 per gallon. Will this ‘gas tax holiday’ do enough to bring down gas prices? Will Congress get on board with Biden’s plan?
Today, @POTUS is calling on Congress to suspend the federal gas tax for 3 months and is calling on states to find similar ways to deliver relief. This will give families breathing room as he continues his work to bring down prices for the long haul. https://t.co/DXhgpcslLg
— The White House (@WhiteHouse) June 22, 2022