IE 11 is not supported. For an optimal experience visit our site on another browser.

Biden is proposing a federal gas tax holiday. Here’s how much it would save drivers.

Sedan drivers would save almost $3 on fill-ups if the president’s plan is implemented.
A person prepares to pump gas at a Shell gas station on April 1, 2022 in Houston, Texas.
A person prepares to pump gas at a Shell gas station in Houston on April 1.Brandon Bell / Getty Images file

President Joe Biden’s proposed three-month federal gas tax holiday would shave a couple of dollars off drivers’ bills every time they filled up their tanks.

If approved by Congress, the proposal would suspend the 18-cent-per-gallon federal tax on gas. Drivers of sedans, with an average tank size of 15 gallons, would save almost $3 on full fuel-ups, an NBC News estimate found. And drivers of 36-gallon-tank trucks would save almost $6.50 every time they filled up their tanks.

Biden’s proposal, which comes as gas prices have soared for most of the year, echoes moves by legislators in Connecticut, Florida, Georgia, Maryland, New York and Puerto Rico, who have passed laws suspending their local gas taxes. Eleven other states are debating similar efforts, through either gas tax suspensions or tax rebates.

Drivers in Nevada would not benefit from Biden’s proposal, as the state has a law that would automatically impose an additional gas tax to cancel out any federal gas tax discount

The average price of a gallon of gas is about $5, according to data from the Energy Information Administration. The White House has taken steps to combat the rising prices, including making multiple withdrawals from the country’s backup petroleum stockpile in the past year.