Suspending the federal gasoline and diesel tax was suggested by the President recently. The savings per gallon are 18.3 cents for gas and 24.3 cents for diesel. The monthly loss in revenues is about $3.5 billion. That means a significant reduction in road repairs, especially if the high gas prices last for several months. If the war ended today and it took six months to reduce prices, that would be 9 months of high prices. Are you willing to forego over $30 billion in revenues to reduce fuel prices by 4%?
I see this needing Moderator intervention soon… ![]()
I’m sure that most people would welcome a reduction in fuel prices, but I have to wonder how many of them realize that the trade-off would likely be higher repair costs, due to increased damage to suspensions and tires when roads are not repaired.
I think that this would be a classic case of “robbing Peter to pay Paul”.
OK. before this gets Flagged and removed. Why does everything coming out by the current Goverment leadership have to increase the National Dept without doing anything for the people who live here.
I thought that I’d give the guys an opportunity to voice an opinion without getting testy. This is a legitimate concern and people might want to discuss it in a reasonable way. Disrespectful responses on either side of the issue can be deleted and if enough posts are deleted, then the monitors can close the thread. We don’t have to behave badly, and I hope we won’t.
I don’t like temporarily eliminating the federal fuel tax. Yeah, I drive an EV but Mrs JT drives a minivan that gets about 24 mpg, and we certainly feel the pinch. Still, I have a long view and don’t want to lose billions in revenue that will never be recouped. For some people the 4% or so of savings may be a big help, but it’s still not much of a reduction.
Edit: if you have a strong opinion, share it with your elected representatives. If enough citizens share the same opinion, the senators and congressmen might be persuading to vote your way. Remember that Congress has to do this; it can’t happen without their votes.
Saving $2 a fill-up doesn’t seem worth the the effort.