For those of you who have been suffering from the tremendous amount of pain at the pump since Joe Biden took office, take heart: help is coming.
President Joe Biden on Wednesday will call on Congress to suspend federal gasoline and diesel taxes for three months — an election year move meant to ease financial pressures at the pump as the public is increasingly concerned about high gas prices and inflation. ...
At issue is the 18.4 cents-a-gallon federal tax on gas and the 24.4 cents-a-gallon federal tax on diesel fuel. If the gas savings were fully passed along to consumers, people would save roughly 3.6% at the pump when prices are averaging about $5 a gallon nationwide.
What a bonanza! Just imagine what you could do with a whopping 18.4 cents. Assuming you buy 15 gallons of gas, that's $2.70 saved per fill up, or about the highest cost of gas per gallon under Trump.
Allow yourself to dream of the veritable cornucopia of food and consumer products you could get your hands on with a whopping $2.70!
Around half a pound of ground beef.
The Bureau of Labor Statistics claims that a pound of ground stood at $4.79 last month. Take that $2.70 you saved on a gallon of gas and buy yourself a little over half a pound of that sweet burger meat!
Almost a single carton of eggs.
The BLS also notes that eggs have soared in price over the past year, jumping from about $1.60 per dozen in May of last year to $2.86 per dozen last month. Enjoy your 11 eggs!
About 5 Navel oranges.
You got to have your oranges—they're a good source of vitamin C. Unfortunately they've gone up like everything else, from $1.31 a pound last year to $1.54 this year. There's about three oranges per pound, so that money you didn't spend at the grocery store gas pump can be redirected to about 5 oranges from the produce section.
A half gallon of milk.
Yes, milk has also increased greatly in price—$3.49 per gallon last year to $4.20 per gallon today. Since half gallons are marked up, you'll be able to afford maybe one half gallon container for your family. Best economy ever!
As always, be sure to thank Joe very heartily for this windfall in November!
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