Gas Prices Relief Act of 2026 (H.R. 8572)

Summary

Stops the federal tax on gasoline for the rest of 2026 to help lower gas prices for people at the pump.

What problem does this solve?

High gas prices make it expensive for people to drive to work, school, and other places. This bill removes the federal gas tax for a short time to make gas cheaper for everyone.

What does this bill do?

Creates a temporary gas tax holiday

Sets the federal tax rate on gasoline to zero from the date the bill is passed until January 1, 2027.

Protects infrastructure and environmental funds

Requires the Treasury to move money from the general fund to the Highway Trust Fund and Leaking Underground Storage Tank Trust Fund to make up for the lost tax money.

Ensures savings are passed to consumers

States that gas producers and sellers should lower their prices to reflect the tax cut and gives the Treasury power to make sure this happens.

Suspends underground storage tank tax

Also stops the Leaking Underground Storage Tank Trust Fund financing rate, a smaller tax included in the price of gasoline, during the holiday period.

Who does this affect?

Drivers
Gasoline producers and retailers

What is the real world impact?

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Provides financial relief to drivers

Aims to lower the cost of gasoline for consumers by temporarily removing the federal tax, helping families and individuals manage their transportation expenses during a period of high prices.

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Ensures infrastructure funding remains stable

Requires the Treasury to transfer money from the general fund to the Highway Trust Fund, preventing a loss of funding for road and bridge projects despite the tax holiday.

When does this start?

The gas tax holiday would begin as soon as the bill becomes law and would end on January 1, 2027.