It's no surprise that rising inflation along with the costs of everyday goods going through the roof (isn't that the same thing?) is really starting to effect Mainers far and wide.

The Federal Reserve has already increased the interest rate to try and combat rising inflation, though that hasn't been in effect long enough to have much of an impact.

Now, the Biden administration wants to suspend the federal gas tax for a few months. How much would this actually help when gas priced are soaring over $5 a gallon nationally? Well, experts say we could expect to save about 18 cents a gallon.

However, some people, Maine Senator Angus King included, think that the big oil companies would just upcharge the gas even more to recoup that 18 cents that the government won't be getting.

Biden is also urging leaders at the state level to consider a holiday on the state gas tax as well. All of this in an effort to help ease the pain in the wallets that millions of Americans are feeling across the country.

As we previously mentioned in this article, Maine Independent Senator, Angus King, is somewhat skeptical that a temporary elimination of the federal gas tax will actually do any good.

King told WGME 13,

”I’m skeptical about this solution. The better solution is to work with the oil and particularly the refining companies. That’s where the problem seems to be the spread between the price of a barrel of oil, and the price of a gallon of gasoline has, I don’t think, ever been higher."

2022 Maine 4th of July Fireworks Displays

Here is a list of upcoming Independence Day fireworks displays in Central Maine and beyond. This list will be updated as more information becomes available. If you have a fireworks display you would like added, feel free to email cooper.fox@townsquaremedia.com

260 Ocean Ave, Kennebunkport, Maine

Coastal Maine is filled with super expensive mansions for rent, but we think we have found the MOST expensive vacation rental in Maine. As of Summer 2022, this vacation rental is more than $30,000 per week! Get all the details HERE.

27 Townsend Ave, Boothbay Harbor, Maine

Built in 1700 - NOPE, not a typo - this building in downtown Boothbay Harbor features a retails store and a 4 bedroom apartment. Get more details HERE