With economic woes topping the American peoples' list of concerns,[4] this became a hotly debated issue in the 2008 U.S. Presidential Election.
Even if it were to lower the cost paid by the consumer, it would just result in a spike in demand during the period it was in effect, with prices rising in response.
[citation needed] Furthermore, State highway officials claimed the move could eliminate nearly 300,000 jobs over the summer months[1] due to almost $9 billion in lost revenue that would be incurred if some other source of income is not found.
[citation needed] In January 2022, Florida governor Ron DeSantis proposed a $1 billion gas tax holiday to counter inflation.
[9] In June 2022, President Joe Biden revived the idea of a federal gas tax holiday during a surge in inflation, including rising gasoline prices.