Biden says he will decide on federal gas tax holiday “by the end of the week”

Source: USA Today

“President Joe Biden said Monday that he hopes to make a decision about a gas tax holiday by the end of the week, as the administration looks for ways to ease record fuel prices in a midterm election year. Biden said he is considering a pause on the federal gas tax, which some lawmakers in his party have pushed as a way to reduce prices at the pump for Americans. … The gas tax adds 18.4 cents total per gallon of gasoline — 18.3 cents in excise tax plus 0.1 cent in a storage fee. For diesel, it is 24.3 cents plus the 0.1 cent fee. The national average price for a gallon was $4.981 on Monday, according to AAA.” (06/20/22)