The fact that inflation has increased the general standard of living of people is not a secret anymore. The majority of citizens of America are not only dealing with the increase in the cost of living but also facing issues while paying for the fuel. The war between Ukraine and Russia led to the price hike of energy and gas especially in the U.S. as it has authorized several sanctions against Russia.
Could New Stimulus Checks Be Issued For Gas Price Hike Situation?
The war situation is taking a toll on the general population as amid all the increased cost of living, the people are struggling with the daily increase in the gas price. However, the Government of the U.S. is trying to save the people by issuing them new stimulus checks to cover the gas expenses. The past two years have been marked with three stimulus checks which helped the people survive the coronavirus pandemic.
In recent times, the Democrats of Congress are proposing a new bill of stimulus checks to provide money for gas to the people. Following the Gas Rebate Act, Of 2022, the Government has decided to give an energy rebate to each person worth $100 every month. This rebate will be provided as long as the cost of gas will be more than $4 per gallon and another $100 will be given to each dependent.
This rebate will be provided to only those people who have received the last stimulus check. People who are having difficulties in coping with the rising gas price are advised to change their driving habits. This includes strategic planning of driving cars and not using them for recreational purposes or making up the mind to start carpooling with friends or co-workers.
There are also some credit cards that offer up to 3% cashback while paying for gas. Thus, people should consider these smart choices to deal with the current problem.