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Trump, Congress Eye Federal Gas Tax Suspension Amid Elevated Fuel Costs

Freightwatch Reporter

Freightwatch.news

·

Tuesday, May 12, 2026

President Donald Trump and Congressional Republicans are pursuing a federal gas tax suspension to provide relief at the pump, where prices have surged 50% since the February Iran conflict began. The national average stands at $4 per gallon. The federal tax on gasoline and diesel fuel is 18.4 cents per gallon. Multiple GOP lawmakers have introduced legislation to pause the tax for at least 90 days, with some proposals extending through October. Policy experts warn the measure offers only modest consumer relief while potentially depleting critical federal highway construction and maintenance funding. Congressional approval would be required to implement any suspension.

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