Monday, May 11, 2026
No Result
View All Result
LJ News Opinions
  • Home
  • U.S.
  • Politics
  • World News
  • Business
  • Entertainment
  • Sports
  • Technology
  • Health
  • Opinions
  • Home
  • U.S.
  • Politics
  • World News
  • Business
  • Entertainment
  • Sports
  • Technology
  • Health
  • Opinions
No Result
View All Result
LJ News Opinions
No Result
View All Result
Home Business

Trump Administration Is Considering Pausing the Federal Gas Tax to Lower Prices, Energy Secretary Says

by LJ News Opinions
May 10, 2026
in Business
0
Share on FacebookShare on Twitter


Chris Wright, the energy secretary, said on Sunday that the Trump administration would be open to pausing the federal gas tax to give Americans some relief at the pump.

“All measures that can be taken to lower the price of at the pump and lower the prices for Americans, this administration is in support of,” Mr. Wright said on the NBC program “Meet the Press” in response to a question about temporarily suspending the federal gas tax.

As of Sunday, the average national gas price was $4.52 a gallon, according to the AAA motor club. Americans pay a little over 18 cents a gallon for gasoline and about 24 cents a gallon for diesel in federal taxes. If the taxes were paused today, the average price for gasoline would be $4.34 a gallon, still well above the average price of $2.98 a gallon two days before President Trump began the war against Iran.

The small price drop would probably do little to alleviate the financial pain for lower-income Americans, who have been hardest hit by the soaring gas prices.

Depending on how long the possible gas tax holiday would last, it could have a substantial impact on the Highway Trust Fund, which mainly relies on the tax to fund road construction and repairs across the country.

Mr. Trump has promised that high gas prices will be “short-term,” but last month Mr. Wright said that gas prices could remain elevated for months, even after the Iran conflict ends.

On Sunday, Mr. Wright was more circumspect. “I can’t make any predictions about oil prices or gasoline prices,” he said, adding that “when we start to get free flow of traffic through the Strait of Hormuz, energy prices will come down.”

Ship traffic through the straight remains effectively blocked by two competing blockades enforced by each side in the conflict.

Source link

Tags: Fees and Rates)Gasoline Tax (US)Oil (Petroleum) and GasolinePrices (FaresUnited States Politics and Government
LJ News Opinions

LJ News Opinions

Next Post

Accused would-be Trump assassin to be arraigned

Recommended

In 1949, racial tensions boiled over in Englewood

2 years ago

Garth Brooks speaks out for the first time since denying rape accusations

2 years ago

Popular News

    Connect with us

    LJ News Opinions

    Welcome to LJ News Opinions, where breaking news stories have captivated us for over 20 years.
    Join us in this journey of sharing points of view about the news – read, react, engage, and unleash your opinion!

    Category

    • Business
    • Entertainment
    • Health
    • Opinions
    • Politics
    • Sports
    • Technology
    • U.S.
    • World News

    Site links

    • Home
    • About us
    • Contact

    Legal Pages

    • Privacy Policy
    • Cookie Privacy Policy
    • Terms of Use
    • Disclaimer
    • California Consumer Privacy Act (CCPA)
    • DMCA
    • About us
    • Advertise
    • Contact

    © 2024, All rights reserved.

    No Result
    View All Result
    • Home
    • U.S.
    • Politics
    • World News
    • Business
    • Entertainment
    • Sports
    • Technology
    • Health
    • Opinions

    © 2024, All rights reserved.