Gas Prices Relief Act of 2026

This bill would set the federal excise tax on gasoline to zero from the date it becomes law until October 1, 2026. During that time, the separate fee that funds the Leaking Underground Storage Tank Trust Fund would also not apply to gasoline. The Treasury would move money from the general fund into the Highway Trust Fund and the Leaking Underground Storage Tank Trust Fund to replace the tax money those funds would lose. The bill states that fuel producers and dealers should lower prices to pass the tax cut on to consumers, and it directs the Treasury Secretary to use existing authorities to make sure consumers receive the benefit.

Full text and official record on Congress.gov

Sponsors

• Chris Pappas Democrat sponsor
• 4 cosponsors