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Energy secretary confirms White House is open to suspending gas tax amid soaring prices
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Energy Secretary Chris Wright told NBC News’ “Meet the Press” on Sunday that the Trump administration is “open to all ideas” to lower the cost of gas, including suspending the federal gas tax.
Key facts
- Gas prices have been soaring, hitting a national average of $4.52 per gallon on Sunday, according to data from motor club AAA, an increase of more than 50% since the start of the Iran war
- Pressed again on the possibility of gas prices hitting the $5 milestone, Wright said he was “avoiding price predictions
- Wright previously told “Meet the Press” in March that there was a “good chance” gas prices could drop below $3 per gallon by the summer
- Wright declined to speculate when asked whether average gas prices, which remain a potent political issue during a midterm election year, could reach $5 per gallon
Summary
Gas prices have been soaring, hitting a national average of $4.52 per gallon on Sunday, according to data from motor club AAA, an increase of more than 50% since the start of the Iran war. Asked by moderator Kristen Welker whether he would support suspending the federal gas tax, Wright said that “all measures that can be taken to lower the price at the pump and lower the prices for Americans, this administration is in support of.” Asked to clarify whether President Donald Trump is open to suspending the federal gas tax, which stands at about 18 cents a gallon, Wright said, “We’re open to all ideas.” “Everything has trade-offs,” he added.