LOS ANGELES -- As the national average for a gallon of gas hovers around $5 dollars, President Joe Biden is considering a federal holiday on the gas tax.
That federal tax goes towards repairing roads and transportation grants, which is separate from California's gas tax, but serves a similar purpose.But USC Professor Shon Hiatt said this move would not address the main reason for soaring energy costs -- supply. "Yes, it would lower the price by 18 cents," Hiatt said."Is that what we really need? Probably not. Because the government is still running a deficit so this is going to actually help create a little more inflation depending on how long they plan to run this because it's essentially more deficit spending."
The average price for a gallon of gas in California is around $6.40, according to AAA, because of the state's own gas tax."L.A. is already super expensive. We're driving right now to Costco to save on groceries," Tchekanov said."Even just going to Costco is a 20-minute drive. There's traffic, have to consider everything also, so I've often taken the big blue bus here. That's around and that's amazing. It's a dollar to take it.
Attack fossil fuels for years..this is the outcome
President Trump's policies increased middle-class incomes by $6,000. Joe Biden's inflation has cut middle-class incomes by $6,828.
They only way to drop gas prices is to stop using and needing gas. But bc the demand is so high it will always keep rising. Basic economics.
saving us a whole 14 cents a gallon? Almost as bad as last year when they saved us 16 cents on our 4th of July meals compared to 2020. At this rate in a few years you might save enough for a gum ball. Those are up to 50 cents now instead of being 25 cen. Inflation
And what is the Calif legislature & GavinNewsom doing? They could suspend the $0.54 per gal gas tax and the sales tax on the gas but have done nothing.
Why not they use the tax payer money for everything they say it’s for right
Last month, the Republicans, all the republican congress men and women, voted against a bill aimed at lowering gas prices. This bill would also investigate the reasons for high gas prices as well as the record profits the gas and oil companies are raking in. Any other questions?
Ah yes, help people by hurting people. Maybe a better plan would be going after the companies raking in massive profits because they made up fake reasons to make prices skyrocket 🤷♂️
Did he break his ankle on the bike? Is he fit for office? He has publicly lost his coordination several times now. He probably stumbles around with a cane in private.
That's what Australia did before the elections,now it's back up again..
Biden administration trying to act or do something, his Approval Ratings are In the dumpster after just 2 years in office.
An then oil companies will raise the price
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