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any tax suspension would require of course action by congress. but the president will give a speech today throwing the administration support behind a three month gas tax holiday which would breathe new life into an issue that has so far been stalled on capitol hill. kevin liptak is live for us with this news. what is the administration saying about this? >> reporter: officials are certainly very bullish on this move. and it is something that the white house had been considering for months. they held off until now, but clearly president biden wants to show that he is taking some init...

And a lot of economists say that given the current supply and demand dynamic, that retailers will essentially take those savings themselves, raise the base price of gas, and that consumers won't necessarily see any savings. so i did ask administration officials about that yesterday and they said that president biden would call on companies to make sure that the savings are passed along, but they did acknowledge that simply suspending the tax won't solve the whole problem. >> devil definitely in the details there. and some people call it a gym pick. and by some people, we need biden's old boss....