Gas Prices Relief Act of 2026

Key Points

• The bill would set the federal gasoline tax rate to zero from the date it becomes law through September 30, 2026. This temporarily removes the 18.4-cent-per-gallon federal gas tax that drivers pay at the pump, aiming to lower costs during the summer driving season.
• Congress states that gas companies and dealers must pass the full tax savings on to consumers. Companies that pocket the savings instead of lowering prices could face fines equal to the tax reduction they failed to pass along.
• The Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund, which pay for road repairs and environmental cleanups, would not lose money. The Treasury would transfer equal amounts from the general fund to keep those programs whole.
• The Treasury Secretary is directed to use all available enforcement powers to make sure consumers actually see lower prices at the pump, not just gas companies keeping the extra profit.