This week, President Joe Biden asked Congress to suspend federal gasoline taxes for three months, which would cut gasoline prices by 18.4 cents per gallon and fuel by 24.4 cents per gallon. diesel, as soaring prices at the pump continue to strain American families.
He also encouraged states to suspend their statewide and local gasoline taxes.
See how much you could save if any of these things happened:
It’s unclear, however, whether Biden can push his proposal through Congress, where lawmakers, including some Democrats, are skeptical or even opposed to the idea. Many economists are also wary of a gas tax exemption.
Worried about gas prices? Here are tips on how to improve your gas mileage when you’re on the road.