President Donald Trump said he was thinking about suspending the federal gas tax as he spoke to reporters on Tuesday.
“We’re thinking about that,” Trump said when asked if the federal gas tax should be suspended. He didn’t provide any more details.
The federal gasoline tax is 18.4 cents per gallon, according to the U.S. Energy Information Administration. The average price for a gallon of regular unleaded in the United States was $4.36 on Tuesday, up from $3.13 a year ago.
Trump also said at the press conference that the Strait of Hormuz was open and oil flows exceeded prewar levels. …