The Latest Breaking News from Highway Trust Fund

WASHINGTON — As electric vehicles appear more and more to be the future of transportation in America, the decades-old method of funding the nation’s roads and bridges with gasoline taxes will soon be a relic of its past. Yet, the last time Congress addressed declining revenues in the federal Highway…

Congress has refused to increase federal gas taxes, which have been stuck at 18.4 cents per gallon since 1993.

President Biden's call for a Federal gas tax holiday could cost the nation's Highway Trust Fund around $10 billion in revenues.

Road maintenance and construction don't suddenly become free because gas hits $5 a gallon.

WASHINGTON — House Speaker Nancy Pelosi on Thursday appeared to shoot down the idea of a gas tax holiday, dismissing the idea as “very showbiz” and arguing it would not have a practical effect on consumers.

Her comments run counter to a group of six Senate Democrats who have introduced a bill to eliminate the tax through 2022.

With gasoline prices trending over US$4 per gallon nationwide, politicians are feeling the heat. In response, Maryland and Georgia have temporarily waived their state gasoline taxes to reduce the burden on consumers. Other states are considering similar actions, and some members of Congress have called for suspending the federal gas…