Trump Team Seeks 18.4-Cent Gas Tax Holiday as Iran War Drives Fuel Costs Higher

10 articles · Updated · Bloomberg · May 19

Congress and the Trump administration are drafting a suspension of federal excise taxes on gasoline and diesel to blunt the fuel-price spike tied to the war in Iran.
An 18.4-cent-per-gallon gasoline tax holiday — plus relief on diesel — is being designed with a longer duration and a phased-in return, according to a senior administration official.
Officials are trying to prevent the tax break from triggering gasoline runs or other unintended market disruptions even as they push consumer relief.
The move underscores mounting inflation pressure from the conflict, with higher oil costs feeding directly into household fuel bills.

Could a gas tax holiday backfire by boosting demand and worsening the current fuel supply crisis?

If oil companies absorb most savings, who truly benefits from suspending the federal gas tax?

With the Highway Trust Fund losing billions, how will America's vital road and bridge repairs be funded?