REHOBOTH BEACH, Del. — President Joe Biden said Monday that he's considering a federal holiday on the gasoline tax, possibly saving U.S. consumers as much as 18.4 cents a gallon.
The administration is increasingly looking for ways to spare the public from higher prices at the pump, which began to climb last year and surged after Russia invaded Ukraine in February. Gas prices nationwide are averaging just under $5 a gallon, according to AAA. The Penn Wharton Budget Model released estimates Wednesday showing that consumers saved at the pump because of gas tax holidays in Connecticut, Georgia and Maryland. The majority of the savings went to consumers, instead of service stations and others in the energy sector.
Strolling on the beach with his daughter Ashley, granddaughter Naomi, and his granddaughter’s fiancé, Biden stopped frequently to chat with beachgoers who were spending the Juneteenth federal holiday at the beach.He took a moment to offer assurances about inflation — the consumer-price index increased to a nearly 40-year high of 8.6% in May from the same month a year ago — and growing warnings from economists that a recession may be around the corner.
Wrong answer.
Ahh, just like the democrats to address the symptoms & not the problem. $2.20 for an average tank of gas will come in handy considering I just lost $1000 worth of meat due to a faulty power grid. We need more EV. So out of touch except when it comes to that young lady. Too far
Wow...a whole 18.4 cents!! Is he serious?
Oil companies will hike 18 cents.
gotta love every pic of him shows he puts his undesired arm around random females...
Wow. What’s that gonna save me on a fill up? $5? What am I ever going to do with all that cash?
Per our current global scenario, there's little He can do!
Biden/States could subsidize gas for working people. I'm sure there's still plenty of pandemic money left in Fed and States.
Add to the deficit without solving the problem.
Biden’s solution for everything is to spend more of OUR money
Ooh! That will put us back to March prices.
Great.. take it down to 6.00 instead of 6.19.. great
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: clevelanddotcom - 🏆 301. / 63 Read more »