Gas Prices Could Prompt New Stimulus Aid

Americans have been hit hard by an increase in gas prices due to the ongoing Russian-Ukraine War and inflation, but the Biden Administration is considering sending a form of relief to help offset the costs.

According to FOX Business, the idea of ​​gas rebate cards for Americans has been floated in the White House, as the President and his administration try to find a way to help those who are struggling due to the surge in pricing.

“The president has made clear that he is willing to explore all options and hear all ideas that would help lower gas prices for the American people,” the White House official said. “No decisions have been made.”

If cards were issued, it is unclear whether they would have cut-offs in terms of eligibility or if there would be different amounts issued to those with different income thresholds.

The idea comes as the national average gas price sits at $4.98 a gallon, according to AAA. While that is decreasing from a week ago, when prices reached a record average high of $5.01 a gallon, it is still a never-before-seen high. California remains at the highest average price per gallon in the country at $6.40, while Nevada and Alaska both sit at over $5.60 per gallon on average. Illinois, Oregon, Hawaii and Washington all sit over $5.50 a gallon average, and Arizona, Idaho and Michigan round out the top 10 of most expensive averages. The cheapest average gas in the country is in Georgia, at $4.48 per gallon.

The most expensive gas in the country is believed to be at a gas station in Mendocino, California, which made headlines this month for gas prices that were nearing $10 per gallon. At the time, the station was charging $9.63 for regular, $9.72 for midgrade, $9.94 for premium and $9.30 for diesel.

According to Gas Buddy, while the average price has decreased in the last week, that station’s prices still have not. Currently, the regular price is $9.68 a gallon, midgrade is $9.77 a gallon, premium is $10.14 a gallon and diesel is $9.30 a gallon.

However, the idea of ​​rebate cards was previously rejected by the administration, The Washington Post reports, as aids had found that shortages in the US chip industry could make it difficult to actually produce enough cards.


Gas Prices

Photo: Brandon Bell/Getty Images

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