Gas Prices Relief Act of 2026

Key Points

• This bill would temporarily set the federal gasoline tax rate to zero from the date of enactment through September 30, 2026. The current federal gas tax is 18.4 cents per gallon, so drivers would see that amount shaved off every gallon they buy during the holiday period.
• The bill states that gas companies and dealers must pass the tax savings on to consumers by lowering prices. Companies that pocket the savings instead of passing them along could face monetary penalties at least equal to the tax reduction they failed to share.
• To prevent the tax holiday from starving road and bridge projects of funding, the Treasury would transfer money from the general federal budget into the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund to replace every dollar of lost gas tax revenue.
• The bill was introduced by Sen. Kelly with Sen. Blumenthal as co-sponsor and has been referred to the Senate Finance Committee. It would need to clear that committee, pass both chambers of Congress, and be signed into law before drivers would see any savings.

Votes

No votes have been recorded for this legislation yet.