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Trump Floats Temporary Gas Tax Suspension

May 11, 2026 · 11:38 am ET · Leave a Comment

President Trump told CBS News that he would like to pause the federal 18.4 cents a gallon tax on gasoline “for a period of time” — though it’s unclear how much of the tax cut would reach consumers at the pump.

Bloomberg: “The average national price for regular gasoline has surged since the US and Israel attacked Iran in February, reaching $4.52 a gallon as of Sunday.”

Budget & Taxes, Energy

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Taegan Goddard

Taegan Goddard

Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

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