Trump Will Reportedly Suspend Federal Gas Tax—Offering Little Relief As Fuel Prices Surge

BreakingBusinessTrump Will Reportedly Suspend Federal Gas Tax—Offering Little Relief As Fuel Prices SurgeByTy Roush,Forbes Staff. Ty Roush is a breaking news reporter based in New York City.Follow AuthorMay 11, 2026, 12:45pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplinePresident Donald Trump on Monday said he planned to suspend the federal gas tax to provide some economic relief as fuel prices have soared since the start of the Iran war, CBS News reported, though the move would be a drop in the bucket for consumers given the historic surge in gas prices lately. Average gas prices have soared by more than 50% since the start of the Iran war. Gado via Getty ImagesKey FactsTrump, in an interview on Monday with CBS News, said he would suspend the federal gas tax for a “period of time,” noting the tax would be reimplemented once gas prices go down.Removing the federal taxes—totaling 18.3 cents per gallon of gasoline and 24.3 cents per gallon of diesel—would reduce the average price for a gallon of gas to about $4.33, down from $4.52, according to the latest gas price stats from AAA.The cost for a gallon of diesel would drop to roughly $5.38, down from $5.63.Trump’s statement follows Energy Secretary Chris Wright's suggestion on Sunday that the Trump administration would consider pausing federal gas taxes, telling NBC’s “Meet the Press, “All measures that can be taken to lower the price at the pump and lower the prices for Americans, this administration is in support of.” if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style.display = 'none'; iframe.onload = function() { var iframeDoc = iframe.contentWindow.document; var script = iframeDoc.createElement('script'); script.src = '//cd.elements.video/player.js?cid=62cec241-7d09-4462-afc2-f72f8d8ef40a'; script.setAttribute('defer', '1'); script.setAttribute('type', 'text...