What is a Federal Gas Tax Holiday? And how much will you save on the pump?

The purpose of a federal gas tax holiday will be to reduce the cost of filling your car. But politicians and economists are divided about how much it will help.

President is Biden Demand for suspension of three months of federal gasoline tax, as consumers face near record prices at the pump, The tax holiday is intended to provide relief to millions of Americans by temporarily withholding an 18.4 percent tax on every gallon of gasoline.