Published May 11, 2026, 11:10 AM ET · Updated 6 months ago · 3 sources
Trump Floats Temporary Gas Tax Suspension as Pump Prices Soar
bloomberg
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Original Report
INFERY
President Donald Trump expressed support for a temporary suspension of the federal gasoline tax to address soaring pump prices, which have reached $4.52 a gallon amid the ongoing conflict with Iran. The proposed holiday, which would pause the 18.4 cents per gallon tax, faces uncertainty regarding consumer benefit and potential impacts on the Highway Trust Fund. Several lawmakers are also advocating for similar measures.