Watch: President Biden delivers remarks on gas prices | USA TODAY

Biden said he is considering a pause on the federal gas tax, which some lawmakers in his party have pushed as a way to reduce prices at the pump for Americans.
RELATED: Biden reassures as soaring inflation causes concern

"Well, I hope I have a decision based on the data I'm looking for … by the end of the week," Biden said Monday on vacation in Rehoboth Beach, Delaware.

The gas tax adds 18.4 cents total per gallon of gasoline – 18.3 cents in excise tax plus 0.1 cent in a storage fee. For diesel, it is 24.3 cents plus the 0.1 cent fee. The national average price for a gallon was $4.981 on Monday, according to AAA.

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