Why Trump’s plan to drop gas tax may leave U.S. drivers feeling empty

RCI

Federal tax of 18.4 cents/gallon US is mere fraction of gas-price increase since Iran war began.

U.S. President Donald Trump is finally acknowledging the financial pain that many Americans are feeling from the soaring cost of gas, but his plan to pause the federal fuel tax may not bring the kind of impact either he or drivers hope for.

Trump said Monday he wants a temporary pause on the federal gas tax, a move that requires an act of Congress.

The U.S. federal tax on a gallon of gasoline is 18.4 cents, a mere fraction of the current national average price at the pumps of $4.52 US a gallon, according to travel services agency AAA (new window)….

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