Gas prices in spring and summer will be ‘painful’: Energy expert
GasBuddy head of petroleum analysis Patrick De Haan weighs in on rising energy prices and what that can mean for consumers.
Two Democratic senators on Wednesday unveiled a proposal to temporarily suspend the federal gas tax in order to help blunt the financial pain of surging prices at the pump.
The Gas Prices Relief Act, introduced by Sens. Mark Kelly of Arizona and Maggie Hassan of New Hampshire, would eliminate the federal gas – which has remained at 18.4 cents per gallon since 1993 – for the remainder of the year. Although four other Democrats signed onto the bill, it still faces an uphill battle in the 50-50 Senate.
BIDEN ADMINISTRATION STOKING HIGHER ENERGY PRICES WITH OIL, GAS CRACKDOWN: ANALYSIS
"People are feeling a real pinch on everyday goods, and we must do more to help address rising costs, particularly the price of gas," Hassan said in a statement. "We need to continue to think creatively about how we can find new ways to bring down costs, and this bill would do exactly that, making a tangible difference for workers and families."