21 Hrs
Source:
USA TODAY
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Will a gas-tax holiday cut prices
Many states are considering suspending or eliminating their gas taxes to provide relief from high fuel prices, with some implementing temporary breaks. Despite these efforts, analysts caution that such measures are unlikely to significantly lower gas prices, which have remained over $4 per gallon amid ongoing global supply disruptions. The federal gas tax, set at 18.4 cents per gallon, has not been increased since 1993 and would require congressional approval to be suspended or eliminated.
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