"Energy prices remain high amid the ongoing war on Iran and that country's closure of the vital Strait of Hormuz, through which 20% of the world's oil flows. As of Monday, the national average for a gallon of gas was $4.52. On Monday, Trump proposed a federal gas tax holiday, which would exempt consumers from the 18-cent gasoline tax and 24-cent diesel tax on each gallon."
"Shortly after the president signalled his support, Hawley introduced legislation to make it a reality. Hours later on Laura Coates Live, the host teed up a clip of Hawley from 2022, when he panned the idea of a gas tax holiday amid rising prices thanks to Russia's invasion of Ukraine and overall inflation in the U.S."
"“This is one of the dumbest things I've ever heard of,” Hawley said in an interview in 2022. “I mean, what Joe Biden can do if he wants to have any effect on gas prices is to suspend and reverse his idiotic Green New Deal policies that are causing this crisis.”"
"Even if we pass something right now, it would take a long time to be able to work through the process, but we've got to pay attention to our debt as well, Lankford told Politico. Watch above via CNN."
Gas prices remain high as geopolitical tensions affect oil supply, including the war on Iran and Iran’s closure of the Strait of Hormuz, which carries about 20% of the world’s oil. The national average for a gallon of gas is $4.52. President Donald Trump proposed a federal gas tax holiday that would exempt consumers from an 18-cent gasoline tax and a 24-cent diesel tax per gallon. Shortly after Trump signaled support, Sen. Josh Hawley introduced legislation to implement the plan. In 2022, Hawley criticized gas tax holidays, calling them ineffective and blaming Green New Deal policies for the crisis. Even with Republican control of Congress, Sen. James Lankford suggested the bill would likely fail due to debt concerns and lengthy legislative process.
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