Trump Says He Supports Suspending Gas Tax President Donald Trump has voiced support for temporarily suspending the federal gasoline tax, citing a 50 percent surge in gas prices since the start of the war in Iran. He stated that stopping excise taxes would be a ‘great idea’ and would be phased back in when gas prices decrease. As of May 11, the national average for a gallon of gas is $4.52.

• President Trump supports suspending the gasoline tax.
• He believes it’s a ‘great idea’ to combat rising gas prices.
• The suspension would be temporary, with taxes phasing back in when prices fall.
• The federal excise tax on gasoline is 18.4 cents per gallon.
• The national average for a gallon of gas was $4.52 on May 11.