Hey Congress, want to reduce gas prices, why don’t you suspend some of the taxes you take on every gallon of gas. I could be off slightly, but if memory serves me, taxes account for .53 on every gallon.
The Federal Motor Fuel excise tax on motor gasoline is $0.184 per gallon. As the price map in this thread shows, the majority of the tax at the pump is state and local tax, in some cases (NY and HI, to name two) hugely so.