Trump Backs Temporary Halt to Federal Fuel Levy Amid High Prices

Deep News

May 12

Former U.S. President Donald Trump stated on Monday that he supports reducing the federal gasoline tax of 18.4 cents per gallon. Soaring fuel prices in the United States, driven by conflicts involving Iran, have sparked frustration among American drivers. Eliminating this tax would require congressional legislation, and Congress is currently controlled by Trump's Republican Party. When asked if he would suspend the tax, Trump told reporters, "Yes, I would lower it." Regarding the duration of the suspension, Trump remarked from the Oval Office, "Until the appropriate time." Republican Senator Josh Hawley of Missouri announced that he would introduce legislation on Monday to suspend the gasoline tax and the 24.4 cents per gallon diesel tax for 90 days. According to data from the American Automobile Association (AAA), the average price of gasoline in the United States reached $4.52 per gallon as of Monday, the highest level since 2022, when prices peaked at an average of $5.01.

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Soaring fuel prices in the United States, driven by conflicts involving Iran, have sparked frustration among American drivers. Eliminating this tax would require congressional legislation, and Congress is currently controlled by Trump's Republican Party. When asked if he would suspend the tax, Trump told reporters, \"Yes, I would lower it.\" Regarding the duration of the suspension, Trump remarked from the Oval Office, \"Until the appropriate time.\" Republican Senator Josh Hawley of Missouri announced that he would introduce legislation on Monday to suspend the gasoline tax and the 24.4 cents per gallon diesel tax for 90 days. 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Soaring fuel prices in the United States, driven by conflicts involving Iran, have sparked frustration among American drivers. Eliminating this tax would require congressional legislation, and Congress is currently controlled by Trump's Republican Party. When asked if he would suspend the tax, Trump told reporters, \"Yes, I would lower it.\" Regarding the duration of the suspension, Trump remarked from the Oval Office, \"Until the appropriate time.\" Republican Senator Josh Hawley of Missouri announced that he would introduce legislation on Monday to suspend the gasoline tax and the 24.4 cents per gallon diesel tax for 90 days. According to data from the American Automobile Association (AAA), the average price of gasoline in the United States reached $4.52 per gallon as of Monday, the highest level since 2022, when prices peaked at an average of $5.01.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAA","symbol_name":"Alternative Access First Priority CLO Bond ETF","start_time":0,"source_url":"","article_id":"1108725591","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1108725591","pubTimestamp":1778543439,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"Former U.S. President Donald Trump stated on Monday that he supports reducing the federal gasoline tax of 18.4 cents per gallon. 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