Photo: Marjan Blan | @marjanblan / Unsplash
It is very likely that you have recently heard someone complain out loud about how high gas prices have risen. In some places where gas prices are already generally higher, like Los Angeles, we’ve seen figures topping $6 a gallon, which can be a tough pill to swallow, especially if your life requires you to drive a lot.
A rebate program to help consumers
However, according to a report published Monday by Business Insider, the feds are trying to put together a stimulus rebate program to help. If approved, you would see stimulus payments of $100 (plus an additional $100 per dependent) per month as long as the average price of gas is above $4 per gallon.
The show would have a revenue cap, which is not surprising. Single filers would be eligible as long as they make less than $80,000 per year, while joint filers could earn up to $160,000 before the refund is phased out for them.
A proposal without much support
The proposal, known as Gas Rebate Act of 2022, was introduced by representatives of Congress mike thompson (D-California), John Larson (D-Connecticut) and Lauren Underwood (D-Illinois). Unfortunately, his proposal appears to be a bit light on the details, particularly when it comes to how Congress would fund this stimulus. This, combined with Congress’s lack of interest in funding more rounds of stimulus payments overall, means the proposal is unlikely to find much support in government.
The national average price of gasoline, according to AAA, stands at $4.24, and we suspect that it is not going to go down any time soon.
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