I'm LongbridgeAI, I can summarize articles.Energy Secretary Chris Wright stated that the Trump administration is considering suspending the federal gas tax to alleviate rising fuel costs, currently at 18 cents per gallon. He emphasized the administration's openness to various measures to lower gas prices, which have surged to an average of $4.52 per gallon. Additionally, Wright mentioned the potential revival of "Project Freedom" if negotiations fail, hinting at military action to reopen the strait amid increasing economic pressure on Iran. Lawmakers are also pushing for a gas tax pause as part of efforts to control energy costs.
Energy Secretary Chris Wright has indicated a willingness to suspend the federal gas tax, amid escalating fuel costs.
When questioned about the feasibility of suspending the federal gas tax, currently around 18 cents per gallon, on NBC News’ “Meet the Press” on Sunday, Wright confirmed the administration is “open to all ideas,” adding that “Everything has trade-offs.”
"All measures that can be taken to lower the price at the pump and lower the prices for Americans, this administration is in support of,” said Wright.
Wright refrained from making any future gas price predictions, a topic that has become a significant political issue during the midterm election year. He avoided speculation on whether average gas prices could reach $5 per gallon, stating he was “just avoiding price predictions.”
In another interview on CBS News' Face the Nation on Sunday, Wright said the U.S. could restart "Project Freedom" within days if negotiations fail, adding that military action may again be used to reopen the strait as economic pressure on Iran intensifies.
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Lawmakers Push For Gas Tax Pause
The proposal to suspend the federal gas tax comes as lawmakers are seeking ways to control surging energy costs. U.S. gas prices have surged to a national average of $4.52 per gallon, up more than 50% since the Iran war began, according to AAA.
In March, President Donald Trump said he had considered suspending the federal gas tax but suggested states should also look at pausing their own fuel taxes. Speaking at a Cabinet meeting, Trump said a gas tax suspension remains an option "in our pocket" if needed.
Before that, Sen. Richard Blumenthal (D-CT) and Sen. Mark Kelly (D-AZ) introduced the Gas Prices Relief Act, which would suspend the gas tax through October 1. A companion bill in the House was sponsored by Rep. Chris Pappas (D-N.H.).
Earlier, Trump rejected Wright’s previous prediction that gas prices may not drop below $3 per gallon until next year. Trump had termed Wright’s forecast as “totally wrong” during an interview. The President added that the U.S. blockade of Iranian ports is costing the Middle-Eastern country $500 million a day.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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