Joe Biden Says He’s Considering Gas Tax Holiday, Gas Rebate Cards

President Joe Biden arrives at the White House, in Washington, from his Asian trip, Tuesday, May 24, 2022. The Congressional Budget Office released an economic outlook Wednesday saying that high inflation will persist into next year, likely causing the federal government to pay higher interest rates on its debt. (AP …
AP Photo/Jae C. Hong, Manuel Balce Ceneta

President Joe Biden confirmed Monday he was considering a gas tax holiday and even gas rebate cards to help drivers suffering from the high cost of fuel.

The president spoke with reporters about a gas tax holiday as he spent the morning at the beach with his family.

“Yes, I’m considering it,” he replied when reporters asked if he was considering a gas tax holiday.

“I hope I have a decision based on data I’m looking for by the end of the week,” he continued.

Biden also confirmed he was considering sending out gas rebate cards to drivers, despite concerns that the ongoing chip shortage would prevent the government from doing so.

“Well that’s part of what we’re considering, part of the whole operation,” he said, adding, “It’s all on the table right now.”

The president said that oil and gas company CEOs were planning to meet with members of his administration including Energy Secretary Jennifer Granholm.

WASHINGTON, DC - MAY 16: Energy Secretary Jennifer Granholm (C) speaks during a news conference marking six months since the signing of the bipartisan infrastructure bill with (L-R) Environmental Protection Agency Administrator Michael Regan, National Economic Council Director Brian Deese and Transportation Secretary Pete Buttigieg in the Brady Press Briefing Room at the White House on May 16, 2022 in Washington, DC. The Biden Administration cabinet members highlighted what they considered the successes of the infrastructure law. (Photo by Chip Somodevilla/Getty Images)

(Photo by Chip Somodevilla/Getty Images)

He said he would not personally meet with oil executives.

Biden criticized oil companies for cutting back refining capacity because of what he described as an inevitable shift to vehicles powered by alternative energy.

“They don’t want to get stuck but guess what, there’s a logical transition to be made here, and I want an explanation from them about why they are not refining more oil,” he said.

He recalled an expression his mother used to say about good things happening out of difficulty.

“We have a chance to make a fundamental turn toward renewable energy, electric vehicles, and not just vehicles, across the board,” he said.

COMMENTS

Please let us know if you're having issues with commenting.