We’re hearing a lot of noise right now about the federal gas tax.
Some believe President Trump already eliminated it. Others are convinced an executive order is about to slash prices at the pump.
Americans are asking why drivers in some states consistently pay dramatically more than drivers elsewhere.
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The reality is more complicated.
Piece of the puzzle
Even if Congress suspended the federal gas tax tomorrow, fuel prices would remain far higher than many drivers expect. That’s because the federal tax has become one of the smaller pieces of a much larger pricing puzzle.
And that’s the part of the debate most headlines miss.
Sen. Josh Hawley (R-Mo.) has announced plans to introduce legislation suspending the federal gas tax, which today adds 18.4 cents per gallon to gasoline and 24.4
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