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May 10, 2026
Trump Administration Confirms Federal Gas Tax Suspension is Under Consideration Amid Rising Gas Prices
- Energy Secretary Chris Wright confirmed that suspending the federal gas tax is being considered as a measure to alleviate rising gas prices.
- Gas prices have surged to a national average of $4.52 per gallon, with warnings from analysts that they could hit $5 later this summer.
- The Trump administration continues to negotiate with Iran regarding oil transport through the Strait of Hormuz, which has impacted global oil prices.
6 Sources
- Energy secretary says Trump administration is open to suspending gas tax amid soaring pricesMay 10, 2026 at 2:10 PM · NBC
- Energy secretary floats pause in federal gas taxMay 10, 2026 at 2:46 PM · NYT
- Energy Secretary Floats Pause in Federal Gas TaxMay 10, 2026 at 3:16 PM · NYT
- Trump Administration Is Considering Pausing the Federal Gas Tax to Lower Prices, Energy Secretary SaysMay 10, 2026 at 3:16 PM · NYT
- Trump official opens door to gas tax suspensionMay 10, 2026 at 4:56 PM · Axios
- Trump’s energy secretary refuses to say US gas price average won’t hit $5 a gallon as impacts of Iran war worsenMay 10, 2026 at 6:45 PM · Independent