President Biden said he’s nearing a decision on a gas tax holiday, which would PAUSE federal gas taxes. That could drop gas by about 18.3 cents a gallon, which is . . . a start. An announcement is expected by July 4th.
The exact plan hasn’t been revealed, but it might not be an easy call. For one, gas tax money goes toward addressing internal infrastructure and roads – so the money wouldn’t be getting to projects that are depending on it at a local level.
The White House says they’re also working on it from the other end by confronting oil companies, which have been raking in record-setting profits during the price hike.
(CNBC / CNN / Bloomberg / ABC News)
