President Biden is considering a federal gas tax holiday.

It is the only real control available unless the petroleum companies see it as a reason to ask more for their product sold by the gallon. Milk (click here) is sold by the gallon and it has not doubled in price in the same period of time as gas.

The American people need to do their part and get into an electric car or truck. The instability in the world is destined to continue for a long time. The USA has to be far more self-sufficient with the ability to trade with allies, too.

June 14, 2022

By Vance Cariaga

President Joe Biden has tried a little bit of everything (click here) to tame rising gas prices — from releasing emergency oil reserves to urging gas companies to ramp up production — but prices at the pump keep setting new record highs, regardless. Now the president is considering a federal gas tax holiday, according to The Hill.

The question is how much money consumers would save under such a move. The answer: probably not much.

Biden’s economic team has recently batted around the idea of a gas tax holiday and is expected to meet later this week for further discussions, The Hill reported on June 13. The move is designed to put a temporary halt to ever-surging gasoline prices. This week, the average national price pushed above $5 a gallon for the first time ever, according to AAA....