Fueling savings or futility: What is a federal gas tax holiday?
Fueling savings or futility: What is a federal gas tax holiday?
(NEXSTAR) — President Biden has announced his support of a federal gas tax holiday as high prices at the pump put pressure on Americans already facing some of the worst inflation in decades. The holiday could save motorists nearly 20 cents per gallon of gasoline.
The current federal gas tax is about 18.4 cents, according to the U.S. Energy Information Administration. The tax itself is imposed on…
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