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President Biden has called for a three-month federal fuel tax holiday to help alleviate the pain of record gasoline and diesel fuel prices. But it faces and uphill battle in Congress, and critics say it could even backfire.
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The national average diesel price at the pump topped the $5 mark for the first time in the week reported March 14, at $5.25. It has remained over $5 a gallon ever since.
Read More →Retail fuel prices have never increased so quickly on a percentage basis over a three-week period, according to the Department of Energy.
Read More →Oil and diesel prices, already spiking, may get worse with President Biden's move to cut off crude oil imports from Russian in the wake of the invasion of Ukraine.
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