Industry skeptical of Biden’s gas tax holiday proposal

National gas prices averaged $4.94 on Thursday

Customers refuel at a Costco gas station in Concord, California, U.S., on Wednesday, June 22, 2022. President Joe Biden called on Congress to suspend the federal gasoline tax, a largely symbolic move by an embattled president running out of options to ease pump prices weighing on his party's political prospects. Photographer: David Paul Morris/Bloomberg

President Biden’s call on Wednesday for a temporary suspension of the federal gas tax received a lukewarm reception from oil industry groups. In a speech, Biden urged Congress to impose a federal gas tax holiday for the next 90 days as the summer travel season gets underway. He also asked states to suspend their gas […]

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