The current average price for a gallon of regular, unleaded gasoline is $4.98 across the country, according to AAA, down from a record-breaking $5.01 on June 13.
PUBLISHED 3:40 PM EDT Jun. 20, 2022President Joe Biden on Monday said he is “considering” the possibility of a federal holiday from gasoline taxes as the price of fuel across the country hovers around near-historic prices. President Joe Biden on Monday said he is “considering” the possibility of a federal gas tax holiday and hopes to make a decision "by the end of the week”
Some in the Biden administration have been more reserved about the possibility of a federal gas holiday and how it could impact revenues needed for projects like road repairs Several different versions of a federal gas tax holiday have been proposed in both the House and the Senate – one of which wouldEven treasury secretary Janet Yellen said a federal gas tax holiday is “worth considering,” adding that the Biden administration is willing to work with Congress on the issue.
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