Energy secretary says Trump administration is open to suspending gas tax amid soaring prices
- On Sunday, Energy Secretary Chris Wright told NBC News that the Trump administration is "open to all ideas" to lower gas costs, including suspending the federal gas tax, which stands at about 18 cents per gallon.
- National gas prices hit $4.52 per gallon on Sunday, an increase of more than 50% since the Iran war began, according to AAA data, with prices showing no immediate sign of returning to prewar levels.
- Shipping traffic through the Strait of Hormuz has plummeted from over 100 ships daily to just seven this week, while Iran maintains the ability to "cause trouble" in the waterway despite the United States blockade.
- Wright asserted that if a negotiated deal with Iran fails, the United States will use military force to open the Strait to everyone, characterizing the current situation as short-term "discomfort."
- The Secretary concluded that removing Iran's nuclear threat would be "massively positive" for global energy flow, asserting that free traffic through the Strait of Hormuz will lower energy prices as the administration works to end the 47-year conflict.
29 Articles
29 Articles
The U.S. is willing to temporarily suspend the federal gasoline tax, amid an increase in fuel prices due to the war with Iran. Energy Secretary Chris Wright today told the NBC network that the White House would be open to freeze this tax to reduce costs to consumers. “All measures that can be taken to lower prices at gas stations and reduce costs for Americans are supported by this administration,” Wright said.Federal taxes include charges of 18.
Sapo
The US is willing to temporarily suspend the federal tax on gasoline, in a context of rising fuel prices due to the war with Iran. Energy Secretary Chris Wright said this Sunday to the NBC network that the White House would be willing to freeze this tax to reduce costs for consumers. All measures that can be taken to lower the price on gasoline pumps and reduce costs for Americans are supported by this administration, Wright said.
Secretary of Energy stated that Trump administration is available to temporarily suspend the federal tax on gasoline, in the context of rising prices due to the war in Iran.
Energy Secretary Wright says Trump administration open to suspending federal gas tax amid price surge
Energy Secretary Chris Wright says the Trump administration is open to all ideas to lower fuel prices, including suspending the 18.4-cent federal gas tax amid rising costs.
The U.S. government is considering a temporary suspension of the federal gasoline tax, a measure that is in full swing of fuel prices linked to the conflict with Iran. Energy Secretary Chris Wright told NBC that the White House is considering freezing this tax with the aim of alleviating consumer spending."All measures that can be taken to lower prices at gas stations and reduce costs for Americans are supported by this Administration," Wright s…
Energy Sec: Trump May Suspend Federal Gas Tax
NBC News reports: Energy Secretary Chris Wright told NBC News’ “Meet the Press” on Sunday that the Trump administration is “open to all ideas” to lower the cost of gas, including suspending the federal gas tax. Gas prices have been soaring, hitting a national average of $4.52 per gallon on Sunday, according to data from motor club AAA — an increase of more than 50% since the start of the Iran war. Asked by moderator Kristen Welker whether he wou…
Coverage Details
Bias Distribution
- 62% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
