President Trump’s plan to freeze the federal natural gas tax is gaining momentum as White House officials scramble to ease the financial burden of the US-Iran conflict.
The new push comes as Trump spoke Monday morning by phone with CBS News, where he said he wants to suspend the oil tax “temporarily.”
Why the White House Is Considering a Pivot to Cut Gas Taxes
Reuters, citing people familiar with White House discussions, said the gas tax freeze was “urgent” after being dismissed by some supporters as unnecessary. Officials say they need to show how to deal with rising consumer prices.
Another source said the proposal was still being considered as a backup plan as recently as late April. However, support for these sectors was boosted last week as Iran’s efforts to stop hostilities stalled.
The expected tax cut will reduce gasoline prices by about 18 cents per gallon over the period the average has gone up $4.50. However, Trump’s plan would require approval by Congress.
“Inside the White House, consensus has been found that prices have risen 50% since the start of the war, Trump needs to ‘move to help consumers now,'” one of the people said. report read it.
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How the Iran War Reached US Pump Prices
The change follows a sharp rise in oil prices due to the closure of Hormuz River. Gas prices have risen by 50% since the war began.
Americans wasted money added $39.6 billion in oil since the conflict, according to a Brown University tracker. An Ipsos Consumer Tracker wave found that 56% of Americans say they spent a lot of money on gas in the past three months.
This figure stood at 24% in April 2025. At the same time, US oil reserves are rapidly being drained.
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However, Trump did solved the worries of household budgets.
“I’m not thinking about the American economy. I’m not thinking about anybody. I’m thinking about one thing: we can’t allow Iran to have a nuclear weapon. That’s all,” he said.
As talks to end the war fail and Memorial Day approaches, the window for help is shrinking.
A note White House Seeks Relief Valve As Iran Conflict Raises Oil Prices appeared for the first time BeInCrypto.
