Rep. Brendan Boyle (Pa.-02), announced the Gas Price Relief Act in Philadelphia on Tuesday, which would pause the federal gas tax amid rising prices at the pump.
Boyle, speaking in front of a Philly gas station, said that the bill would automatically pause the 18.4 cents per gallon tax anytime national gas prices rise above $4 per gallon.
To prevent a funding gap in the Highway Trust Fund, which the federal gas tax raises money for, the bill would redirect funds from federal subsidies for oil and gas companies into the fund.
“So, what this legislation would do is redirect the funds from the subsidies that the oil and gas companies get, and instead put those funds directly into our Highway Trust Fund,” Boyle said. “That way, we could deliver some relief to those here in Philadelphia and nationally. We’re suffering as a result of this dramatic increase in gas prices.”
On Tuesday, the average gas price in Pennsylvania was $.14 per gallon, according to AAA. The average price in New Jersey was $4.017 and in Delaware it was $3.996.
The national average gas price on Tuesday was $4.118, according to AAA.
And, according to NBC News, surging gas prices pushed inflation to its highest level in two years last month as the war with Iran sent gas prices spiraling.
Ronald Dieudonne, a Philadelphia resident, told NBC10 that he is feeling the pinch.
“It’s outrageous, that’s what I can tell you,” he said. “This car used to cost me $22 to fill, and now its $30 to $40. You know what I mean?”
In order for Boyle’s bill to become law, it will still have to passed by Congress and signed by the president.
As for the war with Iran, a second round of peace talks between the U.S. and Iran “could be” happening before the two-week ceasefire ends. Live updates are here.
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