Trump Floats Federal Gas Tax Holiday as Pump Prices Surge | HappeningNow.news
Published Date: July 08, 2026

Energy · 4 views

Trump Floats Federal Gas Tax Holiday as Pump Prices Surge

The Trump administration is considering a temporary removal of the federal gas tax in response to soaring retail fuel prices that have da…

Source OilPrice AI Summary Updated May 12, 2026
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Freshness Stale Updated May 12, 2026
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AI Summary

The Trump administration is considering a temporary removal of the federal gas tax in response to soaring retail fuel prices that have dampened consumer sentiment, sending it to its lowest since the early 1950s. “I think it's a great idea,” the President told CBS News in an interview Monday. “Yup, 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 remarks of the President echo a suggestion by Energy Secretary Chris Wright made on Sunday, about the administration…

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