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As Trump Floats Gas Tax Holiday, Experts Say Ending Iran War Is Best Option

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13.05.2026

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As Americans struggle to afford rising prices at gas pumps across the U.S., President Donald Trump is promoting the idea of a federal gas tax “holiday” — but experts widely agree that the best way to lower gas prices is to end the war on Iran.

As of Wednesday, prices for regular grade gasoline stood at $4.511 per gallon, on average, across the country. That number is nearly 54 percent higher than where prices were one week before the U.S. and Israel launched a joint military offensive against Iran.

Prices have gone up due to blockades of the Strait of Hormuz, through which one-fifth of the world’s oil usually travels.

Trump has spent the past several weeks dismissing Americans’ concerns about higher gas prices, at one point saying they were “not very high” after they passed the $4 per gallon mark. But in an interview with CBS News on Monday, Trump acknowledged that prices were on people’s minds, and suggested that he might be in favor of a federal gas tax holiday.

“I think it’s a great idea. We’re going to take off the gas tax for a period of time, and when gas goes down, we’ll let it phase back in,” Trump said during the interview.

Transportation Sec Claims Gas Prices Will Drop Fast, Contradicting Fed Reports

The suspension of the gas tax would require passage of a bill through both houses of Congress, and bipartisan support to defeat a Senate filibuster. It’s unclear if Trump could secure the votes for such a measure, as members of his own party have expressed skepticism over the idea.

“We’ll see where our........

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