Those taxes fund critical highways and public transportation, through the Highway Trust Fund. Right now, the federal government charges an 18 cent tax per gallon of gasoline and a 24 cent tax per gallon of diesel.
And he is calling on states to take similar action to provide some direct relief, whether suspending their own gas taxes or helping consumers in other ways. Specifically, he is calling on Congress to suspend the federal gas tax for three months, through September, without taking any money away from the Highway Trust Fund. Today, he is calling on Congress and states to take additional legislative action to provide direct relief to American consumers who have been hit with Putin’s Price Hike. That’s why he has taken action in recent months to boost the supply of oil and gas, including an historic release from the Strategic Petroleum Reserve, and encouraging oil companies and refiners to boost capacity and output to get more supply on the market. President Biden understands that high gas prices pose a significant challenge for working families.
The price of gas is up dramatically around the world, and by almost $2 per gallon in America, since Putin began amassing troops on the border of Ukraine.
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