Jason Furman, an economist at Harvard and the chairman of Barack Obama’s Council of Economic Advisers from 2013 to 2017, told Forbes a gas tax holiday would “raise profits for oil companies.” He said consumers would pay roughly 12 cents less per gallon at the pump, whereas oil companies would pocket an extra 6 cents from the tax holiday. There’s also the question of who would benefit the most from the tax holiday. The tax holiday would reduce gas prices for consumers at the pump but cause increased demand for gasoline and other goods and services, it added. The holiday tax could result in “even higher rates” of inflation next year after the policy ends, the CRFB said. The federal gas tax has been 18.4 cents per gallon since 1993. CRFB expects the tax holiday to nearly halve the fund’s revenue this year should it take effect. Replacing BP Driver Rewards, BPme works in conjunction with the BPme Rewards app, with 0.05 per gallon each time you use the pumps at BP or Amoco gas stations for the first month after you register. By texting PLAY to 33992 you consent to receive text messages, including coupons and alerts, via auto technology from Holiday. The gas tax revenue goes into Highway Trust Fund, which helps cover highway construction projects and public transit. Sponsored by Holiday Stationstores, LLC, 4567 American Boulevard West, Bloomington, MN 55437. you can use these coupons at other gas stations in town. they have coupons in the advertiser at the beginning of the month for 1 off gas. Has Propane, C-Store, Pay At Pump, Restrooms, Air Pump, Payphone, ATM, Beer, Wine. ![]() That’s the estimated amount the gas tax holiday would reduce gas tax revenues, according to the nonprofit Committee for Responsible Federal Budget (CRFB). Carries Regular, Midgrade, Premium, Diesel.
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