{"id":170504,"date":"2026-05-12T01:31:23","date_gmt":"2026-05-12T05:31:23","guid":{"rendered":"https:\/\/queonnda.com\/goodbye-to-the-tax-trump-announces-measure-to-lower-gas-prices\/"},"modified":"2026-05-12T01:31:23","modified_gmt":"2026-05-12T05:31:23","slug":"goodbye-to-the-tax-trump-announces-measure-to-lower-gas-prices","status":"publish","type":"post","link":"https:\/\/queonnda.com\/en\/goodbye-to-the-tax-trump-announces-measure-to-lower-gas-prices\/","title":{"rendered":"Goodbye to the tax! Trump announces measure to lower gas prices"},"content":{"rendered":"<p>If you&#8217;ve been feeling mugged every time you pass by the gas station, take a breath! President Donald Trump just confirmed what millions of drivers have been waiting for: the federal government will temporarily suspend the fuel tax to curb the impact of skyrocketing prices. <\/p>\n<p>In an interview for <a href=\"https:\/\/www.cbsnews.com\/news\/trump-interview-suspending-gas-tax-iran-war\/\" target=\"_blank\" rel=\"noopener\">CBS<\/a>, the president was clear: &#8220;We are going to eliminate the gas tax for a period of time. When the price comes down, we will allow it to be reintroduced gradually.&#8221; Although he did not give an exact expiration date for the measure, the message is a lifesaver for the family economy. <\/p>\n<p><!--more--><\/p>\n<h2>How much will you really save?<\/h2>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"es\">\ud83d\udea8 IT&#8217;S OFFICIAL: President Trump announces plans to dramatically REDUCE the federal gas tax.<\/p>\n<p>&#8220;Yeah&#8230;as soon as Iran is over, you&#8217;re going to see oil and gasoline drop LIKE A STONE.&#8221;  <a href=\"https:\/\/t.co\/4ewyWwuoJ7\">pic.twitter.com\/4ewyWwuoJ7<\/a><\/p>\n<p>&#8211; Javi\ud83c\udde8\ud83c\uddfa (@JaviXCubaLibre) <a href=\"https:\/\/twitter.com\/JaviXCubaLibre\/status\/2053869554174935136?ref_src=twsrc%5Etfw\">May 11, 2026<\/a><\/p><\/blockquote>\n<p><script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nCurrently, the federal government charges a flat fee for each gallon you put in your tank.<\/p>\n<p>With this suspension, the direct savings would be:<\/p>\n<p>18.3 cents per gallon of gasoline.<\/p>\n<p>24.3 cents per gallon of diesel.<\/p>\n<p>It seems small, but with the national average hovering around $4.52 per gallon, every penny counts, especially when the increase has been more than 50% since the conflict with Iran erupted.<\/p>\n<h2>The Hormuz crisis and oil<\/h2>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"es\">Trump announces temporary suspension of federal gasoline tax while fuel prices fall, affected by Middle East conflict and closure of the Strait of Hormuz. \ud83d\ude97\u26fd\ufe0f <a href=\"https:\/\/t.co\/4w29mAM6AO\">https:\/\/t.co\/4w29mAM6AO<\/a> <\/p>\n<p>&#8211; INFO7MTY (@info7mty) <a href=\"https:\/\/twitter.com\/info7mty\/status\/2053920515312762941?ref_src=twsrc%5Etfw\">May 11, 2026<\/a><\/p><\/blockquote>\n<p><script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe reason for this chaos is no secret: the war and the <a href=\"https:\/\/queonnda.com\/en\/trump-orders-total-blockade-of-strait-of-hormuz-after-failed-dialogue-with-iran\/\" target=\"_blank\" rel=\"noopener\">blockade<\/a> of the Strait of Hormuz.<\/p>\n<p>Today, with the supply cut off, there are some 14 million barrels per day missing from the market.<\/p>\n<p>However, the White House assures that this is temporary.<\/p>\n<p>Chief economist Kevin Hassett is confident that record US oil production (which broke export records in April) will help <a href=\"https:\/\/queonnda.com\/en\/us-gasoline-prices-reach-record-high-of-us4-23-per-gallon\/\" target=\"_blank\" rel=\"noopener\">prices<\/a> stabilize faster than we think.<\/p>\n<p>Energy Secretary Chris Wright backed the move, saying the priority is to reduce costs for Americans already struggling with inflation.<\/p>\n<p>With the current truce in the conflict, the government is betting that this fiscal pause will be the push the economy needs to avoid slowing down.<\/p>\n<p>What about you Onnda, do you think that lowering 18 cents is enough or should the government do more to control prices? <\/p>\n<p>In Qu\u00e9Onnda we keep you up to date with what affects your portfolio. A Nueva Network production. <\/p>\n<p>Filed under: Gasoline tax<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you&#8217;ve been feeling mugged every time you pass by the gas station, take a breath! President Donald Trump just confirmed what millions of drivers have been waiting for: the federal government will temporarily suspend the fuel tax to curb the impact of skyrocketing prices. In an interview for CBS, the president was clear: &#8220;We [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":170503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[54,146],"tags":[489,1523],"class_list":{"0":"post-170504","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"category-personal-finances","9":"tag-economy","10":"tag-gasoline"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gasoline tax: Trump announces he will eliminate it<\/title>\n<meta name=\"description\" content=\"The government will suspend the gasoline tax, alleviating the impact of high prices on consumers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/queonnda.com\/en\/goodbye-to-the-tax-trump-announces-measure-to-lower-gas-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Goodbye to the tax! 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