(Associated Press) President Joe Biden is considering a federal holiday on gasoline tax that would help families in Acadiana and around the nation struggling to make ends meet.

Gasoline is now nearing $5 per gallon regular nationwide creating financial pressure for families in Acadiana to fill their gas tanks. In addition, because of the rising gas prices, the cost of making goods and getting those goods into our neighborhoods and communities has skyrocketed. Inflation in the country is hitting families hard and Acadiana is not immuned.

The President said Monday that he's considering the federal holiday on the gasoline tax that would save consumers money at the pump, as much as 18.4 cents per gallon. This action has worked in Connecticut, Georgia and Mayland. The saving directly affects the consumer, not gas station owners.

While walking on a beach near his home in Delaware, the President told reporters he was going to make the decision based on data.

President Joe Biden

Photo by Kevin Dietsch/Getty Images
Photo by Kevin Dietsch/Getty Images

Yes, I'm considering it. I hope to have a decision based on the data I'm looking for by the end of the week. -President Joe Biden via Associated Press

Biden says he's not happy with oil companies right now, claiming they are not refining enough oil. The White House has sent oil companies letters asking them to increase refined oil, but no action has been seen or felt at the pump, yet. However, the President said he would not meet with the oil companies personally.

According to Associated Press, "Oil refiners say their ability to produce additional gas and diesel fuel is limited, meaning that prices could remain high unless demand starts to wane."

Acadiana will have to tighten the purse strings for now.

LOOK: See how much gasoline cost the year you started driving

To find out more about how has the price of gas changed throughout the years, Stacker ran the numbers on the cost of a gallon of gasoline for each of the last 84 years. Using data from the Bureau of Labor Statistics (released in April 2020), we analyzed the average price for a gallon of unleaded regular gasoline from 1976 to 2020 along with the Consumer Price Index (CPI) for unleaded regular gasoline from 1937 to 1976, including the absolute and inflation-adjusted prices for each year.

Read on to explore the cost of gas over time and rediscover just how much a gallon was when you first started driving.

More From 99.9 KTDY