President Biden is calling on Congress to suspend federal gasoline and diesel tax for three months to help travelers during the busy summer season.
"Most Democrats are probably in favor of it," Bernard Weinstein, retired associate director at SMU's Maguire Energy Institute, said."Some Republicans are probably in favor of it. I would give it a 50/50 chance of it passing Congress."
The typical small SUV with a 15 gallon gas tank costs about $74 to fill up. Eliminating the federal gas tax would lower the cost by about $3. However, oil companies or gas stations could always offset the relief by increasing prices.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
President Biden calls for 3-month federal gas tax holidayJUST IN: President Biden will call on Congress to suspend the federal gas tax for three months and ask states to suspend their own gas taxes or provide commensurate relief to consumers.
Read more »
President Biden calls on Congress to suspend the federal gas tax for 90 daysWith the national average for a gallon of gas hovering around $5, President Biden has called for a temporary suspension of the federal gas tax.
Read more »
President Biden pushing Congress for 3-month gas tax holidayAs gas prices hover around historically high levels, President Joe Biden is now pushing on congress to pass a federal gas tax holiday.
Read more »
Biden calls on Congress, states to suspend gas taxesPres. Biden is calling on Congress to suspend the federal gas tax for three months and asking states to suspend their own gas taxes or provide commensurate relief to consumers.
Read more »
EXPLAINER: How Biden's proposed gas tax holiday would workFacing stubbornly high gas prices that average about $5 a gallon nationwide, President Joe Biden urged Congress to suspend federal gasoline and diesel taxes for three months. Here's a look at how the proposed gas tax holiday would work:
Read more »
Economist says Biden's gas tax holiday could boost local economyPresident Biden Wednesday called on Congress to temporarily suspend the federal gas tax and for states to follow suit.
Read more »