Trump says he aims to suspend gas tax "for a period of time"

T.R.U.S.T.
4 days ago
1 min read

CBS News By Nancy Cordes

May 11, 2026

Washington — President Trump said in a phone interview with CBS News Monday morning that he aims to suspend the federal gas tax "for a period of time."

"I think it's a great idea," the president said. "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."

Gas prices have soared over 50% since the start of the Iran war on Feb. 28, hitting a high of over $4.52 on Sunday, according to AAA. Analysts say the prices are likely to remain high with Iran blocking access to the Strait of Hormuz.

View the full article: CBSNews.com

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