24/7 LiveHoustonSouthwestSoutheastNorthwestNortheast
  • POLITICS

Trump floats suspending the federal gas tax amid rising prices

The president told reporters he would "reduce" the tax "until it's appropriate."

ByABC NEWS ABCNews logo
Monday, May 11, 2026 5:00PM
Oil prices climb after Trump rejects Iran proposal

President Donald Trump said on Monday that he would like to temporarily suspend the federal gas tax as prices soar due to the war in Iran.

This is a developing story. Please check back for updates.

Report a correction or typo
Copyright © 2026 ABC News Internet Ventures.

Related Topics

  • POLITICS
  • OIL
  • GAS PRICES
  • IRAN
  • U.S. & WORLD
  • PRESIDENT DONALD TRUMP
  • DONALD TRUMP
  • ABC NEWS
  • NATIONAL
Watch Live
ON NOW

Top Stories

Employee found stabbed in Texas Medical Center parking garage: PD

  • 36 minutes ago

Cummings Elementary placed on lockdown after man spotted on roof: AISD

  • 2 hours ago

Drier and breezy Monday with a spot shower or two

  • 2 hours ago

Track power outages in your area with the ABC13 Power Outage Tracker

Hantavirus live updates: Risk to general public 'very, very low'

  • 20 minutes ago

Alligators confront train conductor after Harris Co. crash: officials

WH correspondents' suspect pleads not guilty

  • 1 hour ago

6 people found dead inside cargo train boxcar in Texas, officials say

ABC13 Houston
Topics
WeatherTrafficWatchPhotosApps
Regions
HoustonSouthwestSoutheastNorthwestNortheast
Categories
LocalishAction 13Texas True Crime13 Unsolved13 InvestigatesSportsRenters' Rights
Company
About ABC13 HoustonContact UsABC13 News TeamEmploymentEnter to WinSubmit A News TipAccessibilityABC13 Merchandise
Privacy Policy
Do Not Sell or Share My Personal Information
Children's Privacy Policy
Your US State Privacy Rights
Terms of Use
Interest-Based Ads
Public Inspection File
FCC Applications
Copyright © 2026 ABC, Inc., KTRK-TV Houston. All Rights Reserved.