This development is often described by the financial press as a tax cut because the dollar benefit accrues to the consumer in much the same way a tax cut does. That is, by paying less at the pump, we automatically keep more of what we earn. I wonder how Keynesian-devotees and other Paul Krugman types (who routinely advocate for enormous government spending to stimulate demand), are reacting.
It appears that putting money directly in the hands of taxpayers, also spurs consumption. Shocking.