Trump Weighs Federal Gas Tax Suspension to Curb High US Fuel Costs

The Trump administration is actively considering a suspension of the federal petrol tax to deliver consumer relief from elevated energy prices. Retail petrol currently averages $4.37 per gallon, while diesel stands at $6.32 per gallon. Any suspension of the 18.4 cents per gallon fuel levy would require congressional approval, a step that has not occurred since the Highway Trust Fund was created in 1956. The potential holiday follows other administrative measures, including waiving the 24.4 cent per gallon tax on dyed diesel and shelving a planned ban on diesel exports.