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Trump Proposes Temporary Suspension of Federal Gas Tax Amid Price Surge

KVIA•Monday, May 11, 2026 at 8:12 PM•ABC News

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In response to skyrocketing gas prices linked to the ongoing conflict in Iran, President Donald Trump has suggested a temporary suspension of the federal gas tax, currently set at 18.4 cents per gallon for regular gas. As of May 11, 2026, the national average price for gas reached $4.52, a significant increase attributed to the war's impact on oil supply. While Trump indicated that the suspension would require congressional approval, he acknowledged the limited financial relief it would provide to Americans. Republican Senator Josh Hawley plans to introduce legislation to support this initiative. The situation remains tense as negotiations with Iran continue, with Trump criticizing a recent counterproposal from the country.

Key Details: • Current federal gas tax is 18.4 cents per gallon for regular gas. • National average gas price as of May 11, 2026, is $4.52. • Congressional approval is needed to suspend the gas tax. • Senator Josh Hawley will introduce legislation for the tax suspension.

economy trump gas-prices iran federal-tax

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