Duke economist: Biden's gas tax pause will save you less than $10 a month

Judy Sloan, from Fayetteville, is headed to Charlotte to visit family. She on a fixed income, counting every penny.

"It's a hurt," she said. "This right here means I can't buy my medicine this month."

Emma Rasial, teaching director of the Duke University Financial Economics Center, said that it's not likely this pause would make a big impact on working-class Americans.

"It's then up to the gas suppliers to decide how much of that to pass on to the consumer. Because it's the providers of gas who are the ones who get the break," Rasial said.

Bruce Feger stopped in North Carolina on Wednesday, on his way traveling from Florida to Pennsylvania. He's seen gas prices up and down the East Coast.

He doesn't think that Biden's plan is going to make a difference — and many economists agree with him. Rasial said the plan would likely save the average American less than $10 a month.

It's like putting a Band-Aid on an amputation.

"It's more of a PR exercise than anything else," Rasial said. ​