The Trump administration is working with Congress to suspend federal excise taxes on gasoline and diesel as the war in Iran drives up oil and fuel costs.
Stocks & Investing·May 19, 2026
Trump Team Seeks Longer Gas Tax Holiday With Phased-In Return
The Trump administration is working with Congress to suspend federal excise taxes on gasoline and diesel as the war in Iran drives up oil and fuel costs.
Bloomberg Markets1 min readPrimary source
The gist
1-point summary · 1 minThe Trump administration is working with Congress to suspend federal excise taxes on gasoline and diesel as the war in Iran drives up oil and fuel costs.
- The Trump administration is working with Congress to suspend federal excise taxes on gasoline and diesel as the war in Iran drives up oil and fuel costs.
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