What is a federal gas tax holiday? ...Middle East

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What is a federal gas tax holiday?
source : The Hill ( Middle East ) () 10
(NEXSTAR) - President Biden hopes to make a final decision on whether to support a federal gas tax holiday in the coming days 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 those producing the gasoline, which then impacts the prices we pay at the pump. Simply put, a federal gas tax holiday would temporarily suspend the 18.4-cent gas tax. It doesn't, however, mean you'll pay 18.4 cents less per gallon of gas at the pump

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