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EXPLAINER: How Biden’s proposed gas tax holiday would work

Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022, as White House press secretary Karine Jean-Pierre listens at right. (AP Photo/Susan Walsh) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022. (AP Photo/Susan Walsh) Senate Minority Leader Mitch McConnell, R-Ky., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022, as White House press secretary Karine Jean-Pierre listens at right. (AP Photo/Susan Walsh) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022. (AP Photo/Susan Walsh) Senate Minority Leader Mitch McConnell, R-Ky., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022, as White House press secretary Karine Jean-Pierre listens at right. (AP Photo/Susan Walsh) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022. (AP Photo/Susan Walsh) Senate Minority Leader Mitch McConnell, R-Ky., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022, as White House press secretary Karine Jean-Pierre listens at right. (AP Photo/Susan Walsh) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022. (AP Photo/Susan Walsh) Senate Minority Leader Mitch McConnell, R-Ky., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022, as White House press secretary Karine Jean-Pierre listens at right. (AP Photo/Susan Walsh) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022. (AP Photo/Susan Walsh) Senate Minority Leader Mitch McConnell, R-Ky., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022, as White House press secretary Karine Jean-Pierre listens at right. (AP Photo/Susan Walsh) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022. (AP Photo/Susan Walsh) Senate Minority Leader Mitch McConnell, R-Ky., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022, as White House press secretary Karine Jean-Pierre listens at right. (AP Photo/Susan Walsh) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022. (AP Photo/Susan Walsh) Senate Minority Leader Mitch McConnell, R-Ky., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022, as White House press secretary Karine Jean-Pierre listens at right. (AP Photo/Susan Walsh) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022. (AP Photo/Susan Walsh) Senate Minority Leader Mitch McConnell, R-Ky., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022, as White House press secretary Karine Jean-Pierre listens at right. (AP Photo/Susan Walsh) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022. (AP Photo/Susan Walsh) Senate Minority Leader Mitch McConnell, R-Ky., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022, as White House press secretary Karine Jean-Pierre listens at right. (AP Photo/Susan Walsh) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022. (AP Photo/Susan Walsh) Senate Minority Leader Mitch McConnell, R-Ky., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022, as White House press secretary Karine Jean-Pierre listens at right. (AP Photo/Susan Walsh) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022. (AP Photo/Susan Walsh) Senate Minority Leader Mitch McConnell, R-Ky., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022, as White House press secretary Karine Jean-Pierre listens at right. (AP Photo/Susan Walsh) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022. (AP Photo/Susan Walsh) Senate Minority Leader Mitch McConnell, R-Ky., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022, as White House press secretary Karine Jean-Pierre listens at right. (AP Photo/Susan Walsh) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022. (AP Photo/Susan Walsh) Senate Minority Leader Mitch McConnell, R-Ky., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022, as White House press secretary Karine Jean-Pierre listens at right. (AP Photo/Susan Walsh) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022. (AP Photo/Susan Walsh) Senate Minority Leader Mitch McConnell, R-Ky., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022, as White House press secretary Karine Jean-Pierre listens at right. (AP Photo/Susan Walsh) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022. (AP Photo/Susan Walsh) Senate Minority Leader Mitch McConnell, R-Ky., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022, as White House press secretary Karine Jean-Pierre listens at right. (AP Photo/Susan Walsh) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022. (AP Photo/Susan Walsh) Senate Minority Leader Mitch McConnell, R-Ky., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022, as White House press secretary Karine Jean-Pierre listens at right. (AP Photo/Susan Walsh) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022. (AP Photo/Susan Walsh) Senate Minority Leader Mitch McConnell, R-Ky., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) Senate Majority Leader Chuck Schumer, D-N.Y., speaks with reporters following a closed-door caucus lunch, at the Capitol in Washington, Wednesday, June 22, 2022. (AP Photo/J. Scott Applewhite) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022, as White House press secretary Karine Jean-Pierre listens at right. (AP Photo/Susan Walsh) Energy Secretary Jennifer Granholm speaks during the daily briefing at the White House in Washington, Wednesday, June 22, 2022. (AP Photo/Susan Walsh) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus as photo of Russian President Vladimir Putin is on a screen behind him, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci) President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci)
EXPLAINER: How Biden’s proposed gas tax holiday would work