President Biden is calling on Congress to suspend federal gasoline and diesel tax for three months to help travelers during the busy summer season.
"Most Democrats are probably in favor of it," Bernard Weinstein, retired associate director at SMU's Maguire Energy Institute, said."Some Republicans are probably in favor of it. I would give it a 50/50 chance of it passing Congress."
The typical small SUV with a 15 gallon gas tank costs about $74 to fill up. Eliminating the federal gas tax would lower the cost by about $3. However, oil companies or gas stations could always offset the relief by increasing prices.
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