You'll love to hear this, Pirro just proposed the suspension of the federal gas tax as part of her platform. She beat Hillary to the punch! LOL, out-hillary hillary indeed.
they have some Rudy endorsement ads for Pirro in the can and ready to go - but I hope they delay them one week until this Katrina stuff settles down.
Until the supply problems are fixed to the point that stations consistently have gas, I don't see how reducing the federal gas tax would help anything. If producers are already producing as much as they can, the consumer price will be set by the quantity of gas produced and the consumer demand curve. The only question is how much of that money will go to suppliers and how much to the government.
Once things have somewhat stabilized to the point that producers could increase quantity to meet the increased consumer demand that would result from a lower price, then reducing the gas tax might have a useful effect on consumer prices. But I don't know that we're there yet.