Trump to Suspend Gas Tax — Will It Actually Lower Prices for Americans?
President Trump has announced he is exploring a suspension of the federal gasoline tax in response to gas prices reaching $4.50 per gallon nationally. However, economists warn the 18.4 cent federal gas tax cut may provide limited relief, with research suggesting that producers and distributors often absorb a significant portion of such savings. With the Iran war keeping Strait of Hormuz supply restricted, analysts say prices are unlikely to return to pre-war levels without a resolution to the conflict. WooGlobe Ref : WGA502425
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It will cost drivers more than it saves by adding to congestion and vehicle repairs
