Is the "Gas Tax Holiday" Worth It?

@anniepa (27955)
United States
May 6, 2008 2:56pm CST
As I'm sure most of you know by now two of the three Presidential candidates have proposed a "summer holiday" for the federal gas tax. By most estimations it would save the average consumer about $30 in three months. I know in these tough times sometimes $30 seems like a lot of money but do you think this really means anything? I actually heard someone say on TV today and I wish I'd have caught the whole thing and could tell you who it was but this guy actually said that "Now people can take a vacation". Say WHAT??? Saving $0.18 per gallon on gas will make it so people can now afford a vacation if they otherwise couldn't have? I don't think so!! Since this has been proposed by both a Democrat and a Republican this isn't the usual partisan question, so what do you guys think? Is this a great idea that will be appreciated or is it just one more case of politicians pandering? Personally, I doubt we'd even notice a difference if it did go through. The price would probably just go up even higher so we won't even see that extra 10 bucks a month. Anyway, that barely covers a cup of coffee each week. Annie
2 people like this
4 responses
@rodney850 (2145)
• United States
6 May 08
I have to agree with you here Annie, .18 will not save the college fund! The average car holds about 20-25 gallons of gas so the savings per tank-full would be from 3.60 to 4.50 which is not bad for everyday driving but not much if you are planning a 600 to 1000 mile trip. I imagine if my wife and I take a vacation this year it will be local within 2 or 3 hundred miles.
@lilybug (21107)
• United States
6 May 08
I don't think it will make much of a difference to be honest. $10 a month is not really much money. It sure won't make people able to afford a vacation.
2 people like this
@gewcew23 (8007)
• United States
6 May 08
If gas went up 18 cents more that would be a big deal, but if gas goes down only 18 cents it is not that big of a deal. 30 dollars saved is just as big of a deal as 30 dollars spent.
1 person likes this
@rodney850 (2145)
• United States
6 May 08
True, but 30 bucks isn't going to let you take much of a vacation. I believe that was her point.
3 people like this
@anniepa (27955)
• United States
7 May 08
I'm certainly in no position right now to turn my nose of at thirty bucks. However, if it goes down by 18 cents only to be increased by that same 18 cents and maybe more, meaning when the "holiday" ends it would be 36+ cents higher and at the same time the jobs of those who work on our roads and bridges are gone and our roads and bridges go without much needed repair, who really wins in that situation? We need some kind of a long term solution to our energy crisis not a temporary fix we wouldn't even really notice. Annie
1 person likes this
@Aingealicia (1905)
• United States
7 May 08
Annie, I will say that is one advantage I have here is a great Subway system so I don't pay for gas, I just pay an additional .25 cents for gas per ride. I will agree with you that no one is going to notice. I would be nice, however today on the Market review, they stated that gas is going to be up to $200 a barrel. How is $30 every 3 months going to help someone, that is enough for about 10 gallons of milk if that. We pay close to $4.00 a gallon right now here. Honestly that is almost like these tax refund checks that lil bush has sent out to boost the economy. Ainge
1 person likes this