{"id":4734,"date":"2026-05-11T17:32:53","date_gmt":"2026-05-11T17:32:53","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=4734"},"modified":"2026-05-11T17:32:53","modified_gmt":"2026-05-11T17:32:53","slug":"trump-floats-temporary-gas-tax-halt-as-pump-prices-soar","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=4734","title":{"rendered":"Trump floats temporary gas tax halt as pump prices soar"},"content":{"rendered":"
\n

By Caitlin Reilly<\/strong> | Bloomberg<\/p>\n

President Donald Trump voiced support for a gasoline tax holiday to counter rising prices at the pump, as the cost of oil soars while the war with Iran drags on.<\/p>\n

Read more Florida AG says surrogacy is human trafficking, with big implications for families<\/a><\/p>\n

Trump\u00a0told\u00a0CBS News in a phone interview he would like to pause the federal 18.4 cents a gallon tax on gasoline \u201cfor a period of time,\u201d though it\u2019s unclear how much of the tax cut would reach consumers at the pump.<\/p>\n

Also see:<\/strong>\u00a0Trump says ceasefire is on \u2018life support\u2019 as Iran standoff deepens and strait remains closed<\/span><\/p>\n

The average price for a gallon of regular gas in California was $6.16 on Monday, according to AAA fuel prices. The national price for regular gasoline reached $4.52 a gallon as of Sunday. The conflict has disrupted shipping through the Strait of Hormuz \u2014 through which about a fifth of the world\u2019s oil and liquefied natural gas flowed before the war. Following the report, GOP Senator Josh Hawley of Missouri said Monday he would introduce legislation to suspend the gas tax.<\/p>\n

If supporters are successful, it\u2019s unclear whether the temporary tax cut would significantly lower prices at the pump. Of the more than 177 changes to state gas taxes between 2013 and 2021, on average only 18% of the change was passed through to customers, according to a\u00a0study\u00a0by the American Road and Transportation Builders Association, which supports gas taxes.<\/p>\n

Compared to $1.54-per-gallon increase in the average national cost of gasoline since the war started, a pause wouldn\u2019t be a \u201cmassive improvement,\u201d said Patrick De Haan, head of petroleum analysis at GasBuddy. The move would also likely keep consumers from cutting back as gasoline supplies dwindle, he said.<\/p>\n

\u201cThis is like putting lipstick on a pig,\u201d De Haan said. \u201cThe real problem remains unresolved.\u201d<\/p>\n

\n<\/div>\n

Suspension of the tax could also have devastating consequences for the Highway Trust Fund, which pays for the construction and repair of interstate highways, roads and bridges, unless lawmakers find a way to backfill the loss. The fund draws more than 80% of its funding from the gas tax and a 24.4 cent per gallon levy on diesel, according to the Tax Policy Center.<\/p>\n

Read more Princess Cruises ship with more than 100 sick from norovirus arrives at Port Canaveral<\/a><\/p>\n

Georgia, Indiana and Utah have temporarily waived or lowered state gas taxes, in response to growing prices. Lawmakers in Alabama, New York, Pennsylvania and South Carolina have called for similar measures.<\/p>\n

Indiana Governor Mike Braun announced\u00a0an expansion\u00a0of a gas tax holiday in his state last week<\/p>\n

Democratic Senator Mark Kelly of Arizona and Representative Brendan Boyle of Pennsylvania have also been pressing for a temporary halt to the tax. Kelly introduced a bill in March to suspend the tax through October 1.<\/p>\n

\n<\/div>\n

Boyle, the top-ranking Democrat on the House Budget Committee, proposed suspending the tax any time average gas prices rise above $4 a gallon. He would backfill the Highway Trust Fund by diverting $30 billion in \u201cexisting federal subsidies\u201d for oil and gas companies to the fund, which sends grants to state and local governments to pay for construction and repairs.<\/p>\n

Recent efforts to suspend the gas tax have received little support in Congress. Then-President Joe Biden proposed a three-month suspension in 2022 to help offset a surge in oil prices following Russia\u2019s invasion of Ukraine. Five states, including New York and Connecticut, suspended their gas taxes at the time.<\/p>\n

But congressional leadership from both parties swiftly rejected Biden\u2019s proposal, questioning how much it would lower prices for consumers. Democratic leaders, whose party controlled both the House and Senate at the time, dismissed the idea. Senator Mitch McConnell of Kentucky, then the top-ranking Republican in the Senate, called it a \u201csilly proposal.\u201d<\/p>\n

Read more Trump says he\u2019ll move to suspend federal gasoline tax. He can\u2019t do it on his own<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u201cThis is like putting lipstick on a pig,\u201d says Patrick De Haan, head of petroleum analysis at GasBuddy.. \u201cThe real problem remains unresolved.\u201d<\/p>\n","protected":false},"author":1,"featured_media":4733,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,2],"tags":[],"class_list":["post-4734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-facts","category-news"],"yoast_head":"\nTrump floats temporary gas tax halt as pump prices soar - Silicon Valley Moving Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/siliconvalleymovingpost.com\/?p=4734\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump floats temporary gas tax halt as pump prices soar - 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