A gas tax holiday would provide some small relief for drivers, but it wouldn't solve the biggest reasons prices at the pump are soaring.
President Trump said Monday that he supports suspending the federal gas tax “for a period of time” to help lower prices at the pump, which have spiked dramatically since the start of the war with Iran.
“I think it's a great idea," the president told CBS News during a phone interview. “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 average national price for a gallon of gas was $4.52 on Monday, according to AAA. That represents a roughly 50% increase from where prices stood shortly before the war started in late February.
Trump’s comments come a day after Energy Secretary Chris Wright told NBC News that the administration was considering suspending the federal gas tax.
“All measures that can be taken to lower the price at the pump and lower the prices for Americans, this administration is in support of,” Wright said. “We’re open to all ideas.”














