New York Post
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Trump Targets Gas Tax Cut as Iran War Drives Fuel Prices Up
Posted
May 12, 2026
Views
5,661
Likes
21
Comments
59
Engagement
1.41%
May 12, 2026
5,661
21
59
1.41%
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2:04Now PlayingPresident Trump called Monday for the temporary suspension of the federal gas tax to give Americans relief at the pump amid surging oil prices caused by the crisis in the Strait of Hormuz.
Gasoline has been taxed at 18.4 cents per gallon since the 1990s to generate up to $40 billion in annual revenue for the Highway Trust Fund, which provides support for road maintenance and construction, among other projects.
#donaldtrump #gastax #suspension
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