Posted on 05/11/2026 11:07:12 AM PDT by Libloather
WASHINGTON — President Trump called Monday for the temporary suspension of the federal gas tax to give Americans relief at the pump amid surging oil prices caused by the crisis in the Strait of Hormuz.
“I think it’s a great idea,” Trump told CBS News during a brief phone interview. “Yup, we’re going to take off the gas tax for a period of time, and when gas goes down, we’ll let it phase back in.”
Gasoline has been taxed at 18.4 cents per gallon since the 1990s to generate up to $40 billion in annual revenue for the Highway Trust Fund, which provides support for road maintenance and construction, among other projects.
The average price of a gallon of regular gas was $4.52 as of Monday, according to data from AAA, up nearly 40 cents from this time last month.
Temporarily suspending the federal gas tax will likely require congressional approval. Sen. Josh Hawley (R-Mo.) announced on social media that he would introduce legislation to that effect when Congress reconvenes later today.
Energy Secretary Chris Wright expressed openness to the proposal over the weekend.
“We’re open to all ideas, everything has tradeoffs,” Wright told NBC’s “Meet the Press” Sunday. “All ideas to lower prices for American consumers and American businesses.”
When the war in Iran broke out, the US partnered with allies to release some 172 million barrels of oil from the Strategic Petroleum Reserve to stabilize markets.
Earlier this month, the Trump administration began “Project Freedom” to militarily escort private vessels through the strait. But that plan was quickly put on pause due to supposed progress in talks with Iran, as well as protests from US partners in the region — most notably Saudi Arabia.
(Excerpt) Read more at nypost.com ...
|
Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
The media never tell us that gas prices generally go up in mid-april and May. Instead they blame the increase on Trump.
Blue states will add it back in.
Good Idea! Now if California would lower their Gas Tax.... In your dreams only.
They can suspend the federal gas tax, but that will not change the fact that gasoline prices will continue to go up and that’s not going to really help anybody at the gas pump.
Now you have states like Illinois and California that have very high state gasoline taxes you take those off and those people might see a little relief.
But will that happen I doubt it
They do generally go up during peak driving sees and you’re going to see higher prices than you’ve ever seen before I predict by July 4 in the middle of the summer driving season you’re going to see gasoline prices possibly at six dollars or $6.50
How about some soundbites of the Dems a few years ago saying it won’t hurt the people to pay higher gas tax costs in order to discourage gas cars and encourage EV sales. It was a burden the lowly people would have to pay for the glorious climate change benefits n fifty years. /S
And the destruction of our freedom to buy a gas car (no new licenses granted for gas stations, investors discouraged due to knowledge future gas drilling would be ended along with their investment money) and more. Remind people the freedom today will be ended tomorrow by the Dems getting in office.
They take it for granted but shouldn’t.
Come on, you surely know why gas prices are so high. 🙄😕
Current prices cannot be solely attributed to seasonal blend changes; let's not kid ourselves.
For May 8, 2025, the national average was $3.15 per gallon.
So far this month, "the national average for a gallon of regular gasoline rising 25 cents for the second consecutive week to $4.55. Pump prices are now $1.40 higher than they were a year ago..."
The strangulation of shipping traffic through the Strait of Hormuz is the principal cause of the current hike in commodity prices for petroleum.
How about dropping ALL taxes on gas for a period of time when it is way too high?? I know some of them might be rather necessary, but how many are just padding someone’s pocket? Did I mention California taxes?
Don’t do it. Oil prices are easing. Gas stations will follow due to competition. When things subside and you decide to let the gas tax begin again, the Press will hammer you with the price increases.
18.4 cents taken off a gallon is not enough, unless he cuts the price by 50% first.
How about dropping ALL taxes on gas for a period of time when it is way too high?? I know some of them might be rather necessary, but how many are just padding someone’s pocket? Did I mention California taxes?
And it’s speculators, not actual cause and effect of supply and demand. I noticed in past years the much colder and even snowy Spring driving was much lower as people did NOT “go out to enjoy that sunshiny Spring weather with more driving” as the lying cliche said.
In some states the pollution punishment is to have more expensive “summer blend” gas as part of the law to hurt drivers and help fight the phony climate change.
A question to everyone complaining about gas prices...
What’s our republic worth to you?
Thanks to Gov. Pritzker, Illinois gas tax is going up 50c a gallon starting in July.
Illinois gas prices remain among nation’s highest as another tax hike nears
By the numbers: Illinois’ gas tax stands at 48.3 cents per gallon and is set to rise to 49.6 cents on July 1.
A question to everyone complaining about gas prices...
What’s our republic worth to you?
__________________________________________________
A question to you: What are you implying by your question? That somehow Iran was an existential threat to the US?
Wa state is 55.4 cents plus another 60 cents for the Climate Commitment act.
Right you moron, because taking the tax off doesn't make it cheaper.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.