Lower prices: Coming soon to a pump near you

We’ve all heard a lot about inflation recently from politicians in Washington, but it isn’t just some political buzzword – it’s real, and it’s making life more expensive for Michigan families. And with gas prices primed to rise due to the crisis in Ukraine, it’s more important than ever to ease the burden on Michigan’s working families. That’s why last week I introduced the Gas Prices Relief Act, which would suspend the federal gas tax for the rest of 2022.

This legislation will lower prices and deliver much needed relief by:

• Suspending the 18.4 cents per gallon federal gas tax  until January 1, 2023. Currently, the national average for the cost of a gallon of gas is nearly one dollar higher than it was at the same time last year, according to AAA
• Requiring the Secretary of the Treasury to monitor the program in order to ensure oil and gas companies pass along the savings at the pump to consumers. 

Russia is leveraging their oil and gas to threaten countries around the world, which will drive up prices here at home. Michiganders already paid some of the highest gas taxes in the country and made long commutes each day, so folks are going to feel the pinch if we don’t take action.

This new bill isn’t a comprehensive solution to all of inflation, but Michiganders are living through a crisis – and this legislation is a crisis response. The bill is designed to do one thing: decrease the cost at the pump and put money back in your pocket. 

– Rep. Elissa Slotkin