Gas Prices Relief Act of 2026

This bill would set the federal gasoline excise tax to zero for gasoline removed, entered, or sold from the date the bill 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 that 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 to use its authorities to make sure consumers receive the benefit.

Full text and official record on Congress.gov

Sponsors

• Mark Kelly Democrat sponsor
• 1 cosponsors