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US Gasoline Price Surge (2026)
Comparison of gasoline prices per gallon before and during the Iran conflict.
Primary Sources
Trump says he aims to suspend gas tax amid high fuel prices
Updated May 11, 2026 10:13am MST WASHINGTON - President Donald Trump said he will move to suspend the federal tax on gasoline to help Americans shoulder surging fuel prices caused by the Iran war. Trump says ‘yes’ to suspending federal gas tax What they're saying: Trump answered yes on Monday when asked if he would suspend the federal gas tax amid higher prices stemming from the war with Iran. He said the price of oil and gas would drop "like a rock" as soon as hostilities are over. Asked how long the suspension would last, he said, "until it’s appropriate." A gasoline station attendant pumps gas into a car at a filling station. (Credit: Sean Gallup/Getty Images) Federal gas tax is 18.4 cents per gallon Dig deeper: The federal gas tax is 18.4 cents per gallon of gasoline and 24.4 cents per gallon of diesel, according to the U.S. Energy Information Administration. After jumping 50 cents in just two weeks, the average price for gas in the U.S. on Monday sat at $4.52 per gallon, AAA numbers indicated. Gas prices to remain stubborn even if ceasefire happens We’re hearing reports from Axios that even if the Strait of Hormuz reopened immediately, gas prices would likely remain elevated — possibly even higher than pre-war levels — at least through the midterm elections. LiveNOW’s Austin Westfall speaks with Axios energy reporter Ben Geman to discuss. While subtracting 19 cents from that figure still leaves an average price of $4.33 per gallon, "it’s still money," Trump said. Two days before the start of the war, AAA pegged the average cost of gas at $2.98 per gallon. What is a gas tax holiday? Big picture view: A gas tax holiday is a temporary suspension of the federal gas tax. That does not include state taxes, which often are higher. The tax provides more than $23 billion per year in revenue for federal highway and public transit programs. Gasoline tax by state Energy Secretary said Trump administration is ‘open to all ideas’ The backstory: Over the weekend, Energy Secretary Chris Wright said the administration was "open to all ideas" when asked whether Trump would support suspending the tax. The comment came during an appearance on NBC’s "Meet the Press" and Wright framed a possible suspension as something that would be part of a broader effort to alleviate high energy costs. "We are working every day to offset this rise in prices because of a critical conflict in Iran to drive prices down, and we’re open to all such ideas," Wright said. Congress needs to appr...
Trump: Federal gas tax pause 'a great idea'Trump: Federal gas tax pause ...
President Donald Trump confirmed reports he aims to pause the federal gas tax as prices remain elevated during the war with Iran.
Trump, Congressional Republicans float gas tax holiday amid Iran war - CNBC
President Donald Trump and congressional Republicans are proposing suspending the federal gas tax amid soaring prices at the pump caused by the war with Iran.
Trump Administration Is Considering Pausing the Federal Gas Tax to ...
Chris Wright, the energy secretary, said on Sunday that the Trump administration would be open to pausing the federal gas tax to give Americans some relief at the pump.
