US Gas Prices Hit $4.52 Amid War Fears; Trump Proposes Tax Suspension
Gas prices in the United States have surged to $4.52 per gallon, driven by war-inflated costs. Former President Donald Trump has proposed suspending the federal gas tax, which currently stands at 18.4 cents per gallon. However, such a suspension would require an act of Congress, and there is no precedent for halting this charge, which funds road and transit infrastructure.
Key facts
- Gas prices reached $4.52 per gallon.
- Trump pushes for federal gas tax suspension.
- Federal gas tax is 18.4 cents per gallon.
- Suspension requires an act of Congress.
- No precedent for halting the gas tax.
- Gas tax funds road and transit infrastructure.
- Price increase attributed to war inflation.
Entities
Institutions
- Congress
Locations
- United States
Sources
- Quartz —