Trump wants to suspend the federal gas tax. How much would that help drivers?

TL;DR

High gasoline prices have surged roughly $1.54 since late February, reaching an average of $4.52 per gallon nationwide.
Experts suggest suspending the federal gas tax (18.4 cents/gallon for gas, 24.4 cents/gallon for diesel) would offer limited relief due to the scale of recent price hikes.
A federal gas tax suspension could return prices to early May levels, but fuel costs would still be significantly higher than before the recent conflict.
Suspending the federal tax would require congressional approval, which is unlikely given partisan divisions and upcoming elections.
The proposal could drain the Highway Trust Fund, costing the government an estimated $2.1 billion per month.
Some states have already waived their local fuel taxes, providing more substantial savings than a federal waiver.
Experts warn that tax suspensions might worsen market imbalances, increase demand, and discourage fuel conservation.
Senator Josh Hawley plans to introduce legislation to suspend the federal gas tax.

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