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WATCH:  Federal gas tax suspension: Would it actually lower prices at the pump?

WATCH: Federal gas tax suspension: Would it actually lower prices at the pump?

Summary

Experts are discussing whether suspending the federal gas tax would lower prices at gas stations. This debate comes as many drivers get ready for the busy summer travel period.

Key Facts

  • The federal gas tax is a fee added to the cost of gasoline to help pay for roads and bridges.
  • Some people suggest temporarily stopping this tax to lower gas prices for drivers.
  • Experts are analyzing if this tax break would actually result in cheaper gas at the pump.
  • The discussion is timely because summer is a peak time for travel in the U.S.
  • Patrick De Haan from GasBuddy is one expert examining the possible effects of the tax suspension.
  • The federal gas tax holiday is being considered as a way to help drivers face high fuel costs.
  • There is debate over whether gas stations will pass the savings directly to customers.
  • The outcome may affect how much Americans pay for gasoline this summer.
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