We Could See Relief From These Insanely High Gas Prices
There is a measure proposed by some Democratic leaders to put a hold on the federal gas tax through 2022.
The proposal has met some resistance with Republicans and some democrats. But what exactly doe this mean for us the consumer now paying $3.50 for a gallon of gas. The federal gas tax is 18.4 cents a gallon. Here are the details of the proposal:
The measure from Sens. Mark Kelly of Arizona and Maggie Hassan of New Hampshire would shelve the 18.4 cents per gallon tax until Jan. 1, 2023. The pair face competitive re-election campaigns in the fall with the party trying to defend narrow Senate and House majorities.
So with my limited grasp of math and the average price of gas in Texarkana being around $3.59 the adjusted price with the federal gas tax eliminated would only be $3:40
it would be nice but let's be honest there are some serious motives going on here. The two politicians that proposed this are both up for re-election and they feel like a price break may help their cause in getting re-elected. But we all know that when this gas tax holiday is over it will probably jump up even higher than before.
I feel like we need a long-term solution for this and that is for our current president to realize that we need to be energy independent. Mitt Romney says that he fears that it will cause long-term issues with the lack of federal funding for highways since the gas tax is what funds this necessity.
Have you changed your driving habits because of the big increase in gas prices?
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