President Biden urges petrol tax 'holiday' as fuel prices bite

Joe Biden, U.S. President

© APA | Joe Biden, U.S. President

# 22 June 2022 20:16 (UTC +04:00)

US President Joe Biden has called for a three-month suspension of America's national gasoline tax in response to the country's soaring energy prices, APA reports citing BBC.

The average cost of a gallon of gas, or petrol, is hovering near $5 (£4), up from roughly $3 a year ago.

With national elections for Congress coming in November, Mr Biden is under pressure to respond.

Analysts say that removing the levy would have limited impact on household petrol and diesel costs.

Political support for the gas tax holiday, which would require an act of Congress, is also uncertain, with members of Mr Biden's own party concerned that the move would primarily benefit oil and gas firms.

The White House acknowledged the criticism, but said policymakers should do what is in their power to try to ease the strain on families.

"A gas tax holiday alone will not, on its own, relieve the run-up in costs that we've seen," the administration said in a statement.

"This unique moment when the war in Ukraine is imposing costs on American families, Congress should do what it can to provide working families breathing room."

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