{"id":131442,"date":"2026-05-10T12:00:01","date_gmt":"2026-05-10T16:00:01","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/energy-secretary-wright-says-trump-administration-open-to-suspending-federal-gas-tax-amid-price-surge-131442"},"modified":"2026-05-10T12:00:01","modified_gmt":"2026-05-10T16:00:01","slug":"energy-secretary-wright-says-trump-administration-open-to-suspending-federal-gas-tax-amid-price-surge","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/energy-secretary-wright-says-trump-administration-open-to-suspending-federal-gas-tax-amid-price-surge-131442","title":{"rendered":"Energy Secretary Wright says Trump administration open to suspending federal gas tax amid price surge"},"content":{"rendered":"
\n

Energy Secretary Chris Wright said Sunday the Trump administration is open to suspending the federal gas tax as Americans face rising fuel prices tied to the ongoing conflict involving Iran<\/a> and disruptions in the Strait of Hormuz.<\/p>\n

“We are open to all ideas,” Wright said on NBC\u2019s “Meet the Press” when asked whether President Donald Trump<\/a> would support temporarily suspending the 18.4-cent-per-gallon federal gasoline tax. “All ideas to lower prices for American consumers and American businesses.”<\/p>\n

Wright framed the potential gas tax suspension as part of a broader effort by the administration to respond to higher energy costs that have followed months of military and economic tensions with Iran and disruptions to global oil shipping routes.<\/p>\n

“We are working every day to offset this rise in prices<\/a> because of a critical conflict in Iran to drive prices down and we\u2019re open to all such ideas,” Wright said.<\/p>\n

GAS SURGE TIED TO IRAN CONFLICT HITS SWING STATES, TESTING TRUMP\u2019S LOW-PRICE PITCH<\/strong><\/a><\/p>\n

The comments came after host Kristen Welker noted that several states, including Georgia, Indiana and Utah, have temporarily suspended state gas taxes to provide relief to drivers. Members of Congress have also floated proposals to suspend the federal gas tax temporarily as gasoline prices climb nationwide.<\/p>\n

According to the U.S. Energy Information Administration<\/a>, the federal gasoline tax has remained at 18.4 cents per gallon since 1993 and helps fund highway and infrastructure programs.<\/p>\n

Wright declined repeatedly to predict whether gasoline prices could rise to $5 per gallon, despite analysts warning that refinery constraints and ongoing instability in the Persian Gulf<\/a> could push prices significantly higher during the summer travel season.<\/p>\n

WHITE HOUSE SAYS OIL PRICE SPIKE IS TEMPORARY AS TRUMP PUSHES ENERGY DOMINANCE AMID IRAN WAR<\/strong><\/a><\/p>\n

“I\u2019m avoiding price predictions,” Wright said. “Gasoline and diesel prices are up, and they\u2019ll remain up while this conflict is in place, and then they will come back down, and ultimately they\u2019ll come back down lower than they were before.”<\/p>\n

Wright said the administration has already taken several steps aimed at stabilizing fuel markets, including coordinated releases from strategic petroleum reserves and regulatory adjustments intended to boost refinery output.<\/p>\n

“We\u2019re releasing oil from our strategic petroleum reserves and getting 30 other nations to do that in coordination with us,” Wright said. “We revised the EPA regulations<\/a> on summer gasoline blend to make it easier for American refineries to produce more gasoline.”<\/p>\n

AIRLINES MAY CUT FLIGHT SCHEDULES AS IRAN TENSIONS DRIVE UP FUEL COSTS, EXPERTS WARN<\/strong><\/a><\/p>\n

Wright also said administration officials have been communicating directly with refiners to encourage shorter seasonal maintenance schedules.<\/p>\n

“We\u2019ve been in contact with all American refiners asking them to do shorter maintenance work this spring so they can keep pumping out more products,” he said.<\/p>\n

The interview also focused heavily on Iran and the Strait of Hormuz, a critical global oil transit chokepoint where shipping traffic has sharply declined<\/a> during the conflict. Wright argued that resolving the standoff with Iran would ultimately stabilize energy markets.<\/p>\n

CLICK HERE FOR MORE COVERAGE OF MEDIA AND CULTURE<\/u><\/strong><\/a><\/p>\n

“Ending Iran\u2019s nuclear program, that is massively positive for the flow of energy,” Wright said. “Meaning more energy will flow in the future, meaning lower energy prices<\/a> for Americans and the rest of the world.”<\/p>\n

“Short term it\u2019s causing discomfort,” he said.<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/media\/energy-secretary-wright-says-trump-administration-open-suspending-federal-gas-tax-amid-price-surge <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Energy Secretary Chris Wright said Sunday the Trump administration is open to suspending the federal gas tax as Americans face rising fuel prices tied to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-131442","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nEnergy Secretary Wright says Trump administration open to suspending federal gas tax amid price surge - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/energy-secretary-wright-says-trump-administration-open-to-suspending-federal-gas-tax-amid-price-surge-131442\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Energy Secretary Wright says Trump administration open to suspending federal gas tax amid price surge - 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