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Is President Biden Considering A Gasoline Tax Holiday? Here’s What We Know.

I thought the first summer of Covid-19 was the most boring summer because everything was closed.

Well, now everything is open, but I can’t afford the gas to drive to the cool and fun places I want to go.

Today President Joe Biden said that he is considering making a federal holiday on the gasoline tax, which could save us about 18.4 cents per gallon.

Is it a solution… um no, but the ability to fill up at a lower price than what we’ve been dealing with would definitely be helpful.

Yes, I’m considering it. I hope to have a decision based on the data — I’m looking for by the end of the week.

Biden told reporters

Considering isn’t a solid enough answer for me to start doing any sort of happy dance, so I guess we will have to see what happens at the end of the week.

Something has to give, we are struggling between raising housing, grocery, and gas bills.

Gas prices here in my area are nearly $5 a gallon and that seems to be the average right now for most of the country, although I know that my Michigan family is paying over $5 a gallon already.

Estimates were released last Wednesday from the Penn Wharton Budget Model that showed residents in Connecticut, Georgia, and Maryland saved at the pump due to the gas tax holidays those states have.

Taxes on gasoline and diesel fuel help to pay for highways, well those highways don’t matter if none of us can afford to drive to work.