President Donald Trump says he supports suspending the federal gas tax to help alleviate the pain at the pump as motorists contend with higher prices.
As of May 15, the national average price for regular gasoline is $4.53 a gallon, according to the American Automobile Association. This is up by about 50 percent since the start of the war in Iran.
The Iranian conflict has rocked global energy markets following the closure of the Strait of Hormuz.
With crude oil at above $100 per barrel, drivers could see higher pump prices for a while.
Proponents say temporarily halting fuel taxes could offer modest relief for Americans. Critics warn it could exacerbate Washington’s fiscal pressures….