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S4032119th CongressWALLET

Gas Prices Relief Act of 2026

Sponsored By: Senator Kelly, Mark [D-AZ]

Introduced

Summary

This bill would create a temporary gasoline tax holiday by setting the federal gasoline tax rate to zero for gasoline removed, entered, or sold from enactment until October 1, 2026. It also directs the Treasury to replace lost trust-fund receipts and to enforce that fuel sellers pass savings to consumers.

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  • Drivers and families: Pump prices would reflect the removed federal gasoline tax for qualifying sales through Sept. 30, 2026, giving immediate at-the-pump relief.
  • Fuel producers and retailers: Producers and dealers are expected to reduce prices to reflect the tax cut and face monetary penalties at least equal to any reduction they fail to pass on to consumers.
  • Highway and cleanup funding: The Treasury must transfer from the general fund to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund amounts equal to the lost gasoline tax receipts, with those transfers accounted for under the relevant trust-fund rules.

*It would increase general fund outlays by replacing the lost gasoline tax receipts with transfers to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund.*

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Lower federal gas tax for drivers

If enacted, you would pay no federal gasoline excise tax on gasoline removed, entered, or sold on or after the date of enactment and before October 1, 2026. The Treasury would transfer money from the general fund to the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund equal to the lost receipts. The bill would direct fuel producers and dealers to reduce retail prices to reflect the tax cut and would allow monetary penalties at least equal to the tax reduction for sellers who fail to lower prices. The Secretary of the Treasury would be directed to use available authorities to try to ensure the price reduction reaches consumers.

Sponsors & CoSponsors

Sponsor

Kelly, Mark [D-AZ]

AZ • D

Cosponsors

  • Sen. Blumenthal, Richard [D-CT]

    CT • D

    Sponsored 3/9/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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