May 12, 2026

Trump Proposes Suspension of Federal Gas Tax Amid Rising Prices

President Donald Trump announced a plan to suspend the federal gas tax amid the ongoing conflict with Iran. This move comes as gas prices continue to rise, affecting his approval ratings. The suspension would last for an unspecified period.

Congressional approval is necessary for the proposal to take effect. Distributing the savings directly to consumers, rather than oil companies, poses an enforcement challenge.

This announcement follows recent reports of increased economic strain on American drivers. A customer was seen fueling his vehicle at a Chevron station in Los Angeles earlier in the month, highlighting the rising costs. (Justin Sullivan/Getty Images)

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