05/11/2026
Trump plans to suspend federal gas tax as Iran war hammers Americans... here's how much YOU will save
*Donald Trump is planning to suspend the 18-cent federal gas tax in a desperate bid to ease pump pain as the Iran war sends prices skyrocketing ahead of the midterms.
'We're going to take off the gas tax for a period of time, and when gas goes down, we'll let it phase back in,' the President told CBS News on Monday.
The break, 18.4 cents per gallon of gas and 24.4 cents per gallon of diesel, would offer modest relief for drivers who have watched prices explode 50 percent since the war began to a national average of $4.52 per gallon.
If introduced today the average would drop to $4.34, still far above the $2.98 drivers were paying before the conflict erupted on February 28.
The move comes with Iran and the US no closer to a peace deal, after Trump slapped down Tehran's latest counteroffer as 'a very stupid proposal.'
Iran's demands include reparations and control over the Strait of Hormuz.
'We will never bow our heads before the enemy,' Iran's president Masoud Pezeshkian said Sunday.
Some 63 percent of Americans blame Trump for the price surge, while more than 80 percent say pump costs are straining their finances, an NPR/PBS/Marist poll released last week found.
Donald Trump is planning to suspend the federal gas tax 'for a period of time' as the Iran war sends prices skyrocketing ahead of the midterm elections.
