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Numbers of the Day May 14, 2026 · 6:14 pm ET Source: Bloomberg Politics

Trump Floats Gas Tax Cut While Iran War Fuels the Spike

18.4¢
per gallon — the federal gas tax Trump wants suspended

With fuel prices spiking because of the Iran war, Trump is proposing to waive the federal gas tax — a levy that funds the Highway Trust Fund, which finances roads and bridges. The actual pump savings would be modest; the political return is not. This is a classic pressure-valve move: manufacture a visible, attributable number at the register while the underlying cause — a war this administration is managing — stays off the receipt. Highway infrastructure absorbs the real cost later, quietly.

Source: Bloomberg Politics · link EconomyAffordabilityIranInfrastructure
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