Energy Secretary Says Trump Open To Suspending Federal Gasoline Tax
Energy Secretary Chris Wright said Sunday that the administration is open to suspending the 18.4-cent federal gasoline tax in remarks to Fox News.[1]
Wright tied higher fuel costs to the conflict involving Iran and disruptions in the Strait of Hormuz, but he declined to predict whether prices would reach $5 per gallon.[1] He said the administration coordinated releases from the Strategic Petroleum Reserve with roughly 30 partner nations and relaxed Environmental Protection Agency summer gasoline blend rules to raise U.S. refinery output.[1]
Officials have framed the surge as tied to heightened tensions and shipping interruptions in the Strait of Hormuz that tightened global oil supplies.[1]
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📌 Key Facts
- On May 10, 2026, Energy Secretary Chris Wright said the administration is open to suspending the 18.4-cent federal gasoline tax.
- Wright linked high fuel prices to the conflict involving Iran and disruptions in the Strait of Hormuz and refused to forecast a $5-per-gallon outcome.
- He said the administration has released oil from the Strategic Petroleum Reserve with about 30 partner nations and relaxed EPA summer gasoline blend rules to raise U.S. refinery output.
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