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Reason
Reason
Politics
Eric Boehm

Donald Trump and Josh Hawley's Federal Gas Tax Holiday Would Save Drivers Less Than $9 Per Month

The week before the United States launched its war with Iran, the average gas price in America was less than $3 per gallon.

The war was supposed to last about a month. Twelve weeks later, it is ongoing with no end in sight. The Strait of Hormuz is still closed. Global oil prices have spiked and, as a result, drivers are now paying an average of more than $4.50 per gallon of gas. In all, the higher gas prices have drained an estimated $42 billion out of Americans' wallets.

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