Suspending federal gas tax wouldn’t save drivers as much as they might hope – here’s what goes into the price of a gallon of gas

What a gas tax suspension could mean for drivers, prices

President Donald Trump wants to suspend the federal gas tax to ease financial strain from high fuel prices during the war with Iran. It's a move he can't do on his own, but lawmakers on both sides of the aisle…

Suspending federal gas tax wouldn’t save drivers as much as they might hope – here’s what goes into the price of a gallon of gas

Gas taxes – federal and state – make up only a small piece of the price of a gallon of gas. AP Photo/Jenny KaneWith gasoline prices still high – averaging over US$4.50 a gallon in mid-May 2026 – President Donald Trump said he wanted Congress to suspend the federal gas tax, which is 18.4 cents a gallon for gasoline and 24.3 cents a gallon for diesel. A bill has been introduced in the Senate, and one is expected to follow in the House, according t…

Suspending federal gas tax wouldn’t save drivers as much as they might hope – here’s what goes into the price of a gallon of gas

Robert I. Harris, Georgia Institute of Technology With gasoline prices still high – averaging over US$4.50 a gallon in mid-May 2026 – President Donald Trump said he wanted Congress to suspend the federal gas tax, which is 18.4 cents a gallon for gasoline and 24.3 cents a gallon for diesel. A bill has been introduced in the Senate, and one is expected to follow in the House, according to Politico, but their fate is unclear. States also charge the…

Postponing federal gasoline tax wouldn’t save drivers up to they may hope – right here’s what is going into the cost of a gallon of gasoline

With fuel costs nonetheless excessive – averaging over US$4.50 a gallon in mid-Might 2026 – President Donald Trump mentioned he sought after Congress to droop the federal gasoline tax, which is eighteen.4 cents a gallon for fuel and 24.3 cents a gallon for diesel. A invoice has been presented within the Senate, and one is predicted to apply within the Area, in line with Politico, however their destiny is unclear. States additionally fee their ve…