Oil

The bi partisan infrastructure bill includes $550 billion over 5 years or $110 billion per year. Americans use 126 billion gallons of gasoline each year and the current federal tax is 18 cents per gallon and this has not been increased since 1993. Gas has increased by one dollar per gallon in the past 6 months and that is a tax of $126 billion dollars that could have been used to pay for the infrastructure bill. Low income groups are upset with the recent rise in the price of gasoline but people would be irate if that one dollar was from tax increases. If the US would increase the supply of oil the price of gas would come down and that savings could be used for highways. Speaking of oil, US crude production will fall by 210,000 barrels per day while the thirst for Russian oil hits a record high. This will be just fine with Putin.