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Gas Prices Relief: Federal Gasoline Tax Holiday

This act aims to lower gasoline prices by temporarily suspending the federal fuel tax until the end of 2022. This means potential savings for drivers and is intended to help combat rising living costs, especially for rural residents.
Key points
Suspension of the federal gasoline tax (18.4 cents per gallon) from enactment until January 1, 2023.
Estimated savings for the average American driver are over $100 per year.
Funds lost from the tax will be replenished from the general fund to avoid impacting road and infrastructure funding.
Authorities will monitor to ensure the tax reduction is passed on to consumers as lower prices.
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Additional Information
Print number: 117_HR_6787
Sponsor: Rep. O'Halleran, Tom [D-AZ-1]
Process start date: 2022-02-18