Economyabout 9 hours ago· 1 min read
Energy Secretary Says Trump Administration Open to Suspending Federal Gas Tax
US Energy Secretary Chris Wright announced the Trump administration is considering suspending the federal gas tax to help lower fuel prices, which have surged over 50% since the start of the Iran war.
Administration Considers Tax Suspension
Energy Secretary Chris Wright told NBC News' "Meet the Press" on Sunday that the Trump administration is "open to all ideas" to lower the cost of gas, including suspending the federal gas tax as gas prices have shot up more than 50% since the start of the Iran war.
Previous Energy Actions
The administration has already delved into the strategic petroleum reserve, revised Environmental Protection Agency regulations on gasoline blends and asked refiners to shorten their maintenance work so they can keep pumping more gas.