Here Is What Biden Actually Could Do To Lower Gas Prices… But Is Blocked By Environmentalists

Biden’s proposal for a three month gas-tax holiday, the same one which his predecessor in the White House Barack Obama joked about opposing before the 2008 election…

Irony.

Obama boasted about opposing federal gas tax holiday before 2008 election — Biden now wants one https://t.co/zgY0HduSva

— Dawn Kopecki (@Dawn_Kopecki) June 22, 2022

… and which would cut the price of gasoline by a whopping 18 cents/gallon if it were to pass… isn’t going to pass:

REPUBLICAN U.S. SENATOR THUNE: BIDEN’S GAS TAX HOLIDAY IS DEAD ON ARRIVAL IN CONGRESS

Even Biden’s own Democrats refuse to commit:

“We will see where the consensus lies on a path forward for the President’s proposal in the House and the Senate” said Pelosi.

In any case, according to Goldman – which thinks the odds are less than even that Congress votes to suspend the tax, nor are many states expected to suspend their own taxes – Congressional action is unlikely before

Keep reading this article on Zero Hedge - Blog.

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