Biden's 3-month gas tax holiday will reduce prices by 18 cents a gallon

Pumping gas
(Image credit: iStock)

President Biden plans to ask Congress on Wednesday to suspend the 18-cent-per-gallon federal gas tax until September, Fox Business reports.

As of Wednesday, the national average price of a gallon of regular gasoline stood at $4.96, up from $3.07 a year ago.

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Grayson Quay

Grayson Quay was the weekend editor at TheWeek.com. His writing has also been published in National Review, the Pittsburgh Post-GazetteModern AgeThe American ConservativeThe Spectator World, and other outlets. Grayson earned his M.A. from Georgetown University in 2019.