President Joe Biden said Monday he is considering creating a federal gas tax holiday, which could save Americans as much as 18.4 cents per gallon, although his ex-boss, former President Barack Obama, called such a move a "gimmick" on the campaign trail back in 2008. Biden's former boss said at the time that a gas tax holiday was a "gimmick" to save Americans half a tank of gas over the summer so that lawmakers could "say that they did something." Before this year, the highest national gas price average ever recorded by AAA was $4.114 per gallon in July 2008. The Penn Wharton Budget Model published estimates Wednesday revealing that gas tax holidays in Georgia, Maryland and Connecticut saved consumers money at the pump. House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Mitch McConnell, R-Ky., have each previously expressed skepticism about pausing the federal gas tax.

Source: Fox News June 21, 2022 19:10 UTC