The Gas Prices Relief Act of 2026 aims to provide immediate financial relief to consumers by temporarily eliminating the federal gasoline tax. The primary objective is to lower the cost of gasoline for individuals and families during a time of high fuel prices. The key provisions of this legislation include a complete suspension of the federal gasoline tax from the date the law is enacted until January 1, 2027. This means that there will be no federal tax applied to gasoline sales during this period.