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The Economic Times

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Hidden gas fee? The real reason you are paying 18 Cents extra per purchase

Gas tax suspension 2026 is gaining urgent attention as U.S. fuel prices hit $3.79 per gallon nationwide. The Gas Prices Relief Act of 2026 proposes a federal gas tax holiday to cut the 18.4-cent tax and ease rising fuel costs. This gas tax suspension 2026 aims to deliver direct savings at the pump for millions of drivers. Lawmakers say the move targets inflation pressure and global oil price shocks linked to the Iran conflict. However, experts warn fuel prices depend on crude oil trends, not just taxes. The federal fuel tax suspension could help short term, but long-term economic impact and infrastructure funding remain key concerns.

1 Apr 2026 7:11 pm