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Gas Tax Holiday Pitched as War Drives Pump Prices Higher
Key Takeaways
- Democratic senators propose suspending 18.4 cents/gallon federal gas tax
- Fuel prices surging due to Iran conflict disrupting Strait of Hormuz shipping
- Debate over whether savings would reach consumers or be absorbed by industry
- Tax funds Highway Trust Fund, raising infrastructure spending concerns
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DT Editorial Team··4 min read·via gizmodo.com