Trump says he supports suspending gas tax
Trump says he supports suspending gas tax
Source: The Signal
Date: 05/11/2026 1:32pm
Article Summary:
Trump Backs Temporary Suspension of Federal Gas Tax as Prices Surge Amid Iran Conflict
President Donald Trump said he supports temporarily suspending the federal gasoline tax to help offset soaring fuel prices, which have surged about 50% amid the ongoing war in Iran and disruptions in global oil supplies. The proposed pause, which would require congressional approval, aims to ease pressure on consumers as national gas prices average $4.52 per gallon. The move could cost roughly $3 billion per month in highway funding, while broader efforts continue to stabilize energy markets.
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Date: 05/11/2026 1:32pm
Article Summary:
Trump Backs Temporary Suspension of Federal Gas Tax as Prices Surge Amid Iran Conflict
President Donald Trump said he supports temporarily suspending the federal gasoline tax to help offset soaring fuel prices, which have surged about 50% amid the ongoing war in Iran and disruptions in global oil supplies. The proposed pause, which would require congressional approval, aims to ease pressure on consumers as national gas prices average $4.52 per gallon. The move could cost roughly $3 billion per month in highway funding, while broader efforts continue to stabilize energy markets.
Read article here »