Biden said he expects to make decision on gas tax holiday this week


President Biden on Monday said he will decide by the end of this week whether to support a federal gas tax holiday, telling reporters, "Yes, I'm considering it."
Such a move could save Americans as much as 18.4 cents per gallon at the pump, and Biden said he aims to have "a decision based on the data — I'm looking for by the end of the week."
Gas prices have continued to rise since the Russian invasion of Ukraine on Feb. 24, and Biden said several members of his administration are meeting this week with the CEOs of oil companies to talk about the increase in cost. "I want an explanation for why they aren't refining more oil," he added.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
His administration, which has already released oil from the U.S. strategic reserve, sent a letter last week to oil refiners asking them to increase their refining capacity, The Associated Press reports.
The gas tax funds roads, but as Treasury Secretary Janet Yellen said on Monday during a visit to Canada, "consumers are really hurting from higher gas prices" and "while not perfect," a federal gas tax holiday "should be under consideration as a policy" to address the matter.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
How global conflicts are reshaping flight paths
Under the Radar Airlines are having to take longer and convoluted routes to avoid conflict zones
-
Zohran Mamdani: the young progressive likely to be New York City's next mayor
In The Spotlight The policies and experience that led to his meteoric rise
-
The best film reboots of all time
The Week Recommends Creativity and imagination are often required to breathe fresh life into old material
-
The last words and final moments of 40 presidents
The Explainer Some are eloquent quotes worthy of the holders of the highest office in the nation, and others... aren't
-
Senate advances GOP bill that costs more, cuts more
Speed Read The bill would make giant cuts to Medicaid and food stamps, leaving 11.8 million fewer people with health coverage
-
Canadian man dies in ICE custody
Speed Read A Canadian citizen with permanent US residency died at a federal detention center in Miami
-
GOP races to revise megabill after Senate rulings
Speed Read A Senate parliamentarian ruled that several changes to Medicaid included in Trump's "One Big Beautiful Bill" were not permissible
-
Supreme Court lets states ax Planned Parenthood funds
Speed Read The court ruled that Planned Parenthood cannot sue South Carolina over the state's effort to deny it funding
-
Trump plans Iran talks, insists nuke threat gone
Speed Read 'The war is done' and 'we destroyed the nuclear,' said President Trump
-
Trump embraces NATO after budget vow, charm offensive
Speed Read The president reversed course on his longstanding skepticism of the trans-Atlantic military alliance
-
Trump judge pick told DOJ to defy courts, lawyer says
Speed Read Emil Bove, a top Justice Department official nominated by Trump for a lifetime seat, stands accused of encouraging government lawyers to mislead the courts and defy judicial orders