President Trump said he would like to suspend the 18.4-cent-a-gallon tax, but it’s a move that may save drivers only a few dollars a month.
Category: US and Israeli Attack on Iran (2026)
-
What You Need to Know About the Federal Gas Tax
The New York Times – Business: -
Tomato Prices Soar as War, Tariffs and Weather Affect a Popular Crop
The New York Times – Business:Tomato prices surged nearly 40 percent in April, the Consumer Price Index showed.
-
CPI Shows Inflation Accelerating to 3.8% Annually in April After Weeks of War in Iran
The New York Times – Business:The consumer price index increased X.X% in April from a year earlier as higher energy costs raised a range of prices for Americans.
-
CPI Shows Inflation Accelerating to 3.8% Annually in April After Weeks of War in Iran
The New York Times – Business:The Consumer Price Index rose 3.8% in April from a year earlier as higher energy costs replaced tariffs as the driver of higher prices for Americans.
-
Oil Prices Rise on U.S.-Iran Standoff
The New York Times – Business:President Trump has declared the American cease-fire with Iran is on “life support,” and investors are taking a cautious approach as the lack of progress in peace talks weighs on the markets.
-
Nations Brace for Long-Term Economic Woes as Trump Calls Iran Truce Plan ‘Garbage’
The New York Times – Business:President Trump said the fragile cease-fire was on “life support,” and India’s leader urged residents to cut back on purchases and travel.
-
Trump Proposes Suspending Federal Gas Tax Until Prices Fall
The New York Times – Business:Congress would have to agree to any suspension, and dropping federal taxes would not make up for the steep increase in prices since the war began.
-
First-Time Home Buyers Are Staying on the Sidelines as Costs Rise
The New York Times – Business:The effects of the war in Iran have raised mortgage rates and lowered consumer confidence, making it even harder for house hunters.
-
Oil Prices Rise as Prospects for U.S.-Iran Peace Deal Fizzle
The New York Times – Business:Oil prices rose and stock futures ticked down as investors reacted after the two sides failed to agree on a U.S.-Iran peace deal.
-
Oil Prices Rise as Prospects for U.S.-Iran Peace Deal Fizzle
The New York Times – Business:Oil prices rose and stock futures ticked down on Sunday as investors reacted to the apparent failure of the latest proposal for a U.S.-Iran peace deal.
-
Trump Administration Is Considering Pausing the Federal Gas Tax to Lower Prices, Energy Secretary Says
The New York Times – Business:The tax is a little over 18 cents a gallon for gasoline. With the average national price above $4.50, the measure will provide little relief.