Gas Prices Relief Act of 2026

Temporary gas tax pause for drivers

If enacted, this bill would set the federal gasoline excise tax rate to zero for gasoline removed, entered, or sold from enactment through October 1, 2026. It would also suspend the leaking underground storage tank (LUST) financing charge for that gasoline during the same period. The Treasury would transfer general fund money to replace the lost receipts to the Highway Trust Fund and the LUST Trust Fund. Fuel producers and dealers would be required to lower pump prices to pass the tax cut to consumers, and the Treasury would enforce penalties at least equal to any tax savings not passed to buyers.