President POTUS recently called on Congress to suspend the federal gas tax through September after taking action to boost oil and gas supply chains, including the release from the Strategic Petroleum Reserve.
According to a White House Fact Sheet, Biden has also encouraged oil companies and refiners to boost capacity and output to get more supply on the market.
According to the Fact Sheet, Biden has also called on Congress to make sure that a gas tax holiday has no adverse effect on the Highway Trust Fund. In places like Michigan and Minnesota, states and local leaders are considering several forms of consumer relief – from temporary suspensions and pauses on state sales tax on gas to consumer rebates and relief payments, administration officials noted further.The White House noted that the latest announcement follows a series of actions the President has taken to lower gas prices for American families.
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