The administration is increasingly looking for ways to spare Americans from higher prices at the pump.
As gas prices continue to rise across the nation, people in Dallas are also finding that other energy prices are rising as well.President Joe Biden said Monday that he's considering a federal holiday on the gasoline tax, possibly saving Americans as much as 18.4 cents a gallon.
"Yes, I’m considering it," Biden told reporters after taking a walk along the beach. "I hope to have a decision based on the data — I’m looking for by the end of the week." The administration is increasingly looking for ways to spare Americans from higher prices at the pump, which began to climb last year and surged after Russia invaded Ukraine in February. Gas prices nationwide are averaging just under $5 a gallon, according to AAA.The Biden administration has already released oil from the U.S.
The Penn Wharton Budget Model released estimates Wednesday showing that consumers saved at the pump because of gas tax holidays in Connecticut, Georgia and Maryland. The majority of the savings went to consumers, instead of service stations and others in the energy sector. On Sunday in an interview on ABC’s "This Week," Treasury Secretary Janet Yellen expressed an openness to a federal gas tax holiday to give motorists some relief.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden says he’s considering a gasoline tax holidayA new law barring sales of bullet-resistant vests to most civilians in New York doesn't cover the type of armor worn by the gunman who killed 10 people at a Buffalo supermarket.
Read more »
Biden Considering a Gasoline Tax Holiday. Here's How Much It Could Save DriversPresident Joe Biden indicated to reporters Monday that a decision on a federal holiday on the gasoline tax could come 'by the end of the week.'
Read more »
Biden says decision on gas tax holiday may come this weekPresident Joe Biden said Monday that he's considering a federal holiday on the gasoline tax, possibly saving U.S. consumers as much as 18.4 cents a gallon. “Yes, I’m considering it,” Biden told reporters after taking a walk along the beach near his vacation home in Delaware. Biden said members of his team were to meet this week with CEOs of the major oil companies to discuss rising oil prices.
Read more »
Biden says decision on gas tax holiday may come this weekPresident Joe Biden said Monday that he's considering a federal holiday on the gasoline tax, possibly saving U.S. consumers as much as 18.4 cents a gallon
Read more »
President Biden considers gas tax holidayWhile AAA reported that gas prices dropped below $5 per gallon on Saturday, the current rate of $4.98 a gallon remains $1.91 more than a year ago.
Read more »