Updated
Updated · Fox News · May 10
Trump administration considers suspending federal gas tax as fuel prices rise
Updated
Updated · Fox News · May 10

Trump administration considers suspending federal gas tax as fuel prices rise

9 articles · Updated · Fox News · May 10
  • Energy Secretary Chris Wright said the 18.4-cent-per-gallon levy is among options as Iran conflict and Strait of Hormuz disruption lift costs, with 30 nations joining coordinated reserve releases.
  • Wright said the administration has eased summer gasoline-blend rules and pressed US refiners to shorten maintenance to boost output, while declining to predict whether prices could hit $5 a gallon.
  • Several states, including Georgia, Indiana and Utah, have already paused gas taxes, while Congress has floated federal proposals; the tax has funded US highways and infrastructure since 1993.
With a gas tax holiday, would your savings go to your wallet or to oil company profits?
Is cutting the gas tax a real solution or just adding fuel to the inflationary fire?