Gas Prices Relief Act of 2026

Key Points

• This bill would set the federal gasoline tax rate to zero from the date it is signed into law through the end of 2026. The federal gas tax is currently about 18.4 cents per gallon, so drivers could save that amount on every gallon they buy during the tax holiday.
• Congress states that fuel companies and gas stations should pass the full savings on to consumers, rather than pocketing the difference as extra profit. The Treasury Department would have authority to enforce this expectation.
• To keep road and bridge funding intact, the bill requires the Treasury to transfer money from the general fund to replace every dollar the Highway Trust Fund and Leaking Underground Storage Tank Trust Fund would have lost due to the suspended tax.
• The tax holiday would automatically expire on January 1, 2027, returning the federal gas tax to its normal rate without requiring any additional legislation.