After gas prices in the United States spiked to record highs this month, House Speaker Nancy Pelosi said a refund might be on the way.
During a Thursday press conference, the idea of giving Americans rebate cards or a direct payment was brought up, to which Pelosi said “those are things that are being considered.” But Pelosi rejected the idea of a gas tax holiday, saying there would not be a way to guarantee the gas and oil companies would follow through on providing the savings.
The potential strategy is one of several the U.S. is implementing to combat high gas prices, with the price of gas hitting a record high earlier this month before starting to slowly decline. Though the prices have stopped trending upward, GasBuddy reported the national average gas price per gallon is remaining steady at an elevated number—62.4 cents higher than last month and $1.38 higher than this time last year.
To deal with the spike, the Biden administration announced Thursday it would release about 1 million oil barrels per day from the Strategic Petroleum Reserve for the next six months. Other countries are expected to follow suit soon.
Governor Gavin Newsom proposed giving registered vehicle owners $400 debit cards to make up for the spike. And in Chicago, Mayor Lori Lightfoot announced free gas and public transit cards would be distributed using a lottery system.