Trump Floats Temporary Gas Tax Suspension as Pump Prices Soar

rss · Bloomberg 2026-05-11T15:10:43Z en
A driver pays at a fuel pump at a gas station in Columbus, Ohio. President Donald Trump voiced support for a gasoline tax holiday to counter rising prices at the pump, as the cost of oil soars while the war with Iran drags on. Trump told CBS News in a phone interview he would like to pause the federal 18.4 cents a gallon tax on gasoline “for a period of time,” though it’s unclear how much of the tax cut would reach consumers at the pump.
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