Gas Tax Holiday Coming To U.S. Drivers

President Biden is today expected to ask Congress to enact a gas tax holiday in his latest attempt to rein in retail fuel prices, Bloomberg reported, citing an unnamed source familiar with the situation. The idea of a gas tax holiday was recently mentioned by Energy Secretary Jennifer Granholm in an interview with CNN, in which Granholm said President Biden was evaluating a gas tax holiday but noted that it was a problematic solution to the price problem because the federal gas tax is a major revenue source for infrastructure projects. The president,…