U.S. Considers Suspending Gas Tax Amid Rising Prices
· Telemundo McAllen (KTLM)
The U.S. government is considering a temporary suspension of the federal gas tax due to rising fuel prices linked to the ongoing conflict with Iran. Energy Secretary Chris Wright stated that the White House is open to freezing the tax to alleviate consumer costs. The federal taxes include 18.3 cents per gallon for gasoline and 24.3 cents for diesel, along with a 0.1 cent fee for underground storage tank maintenance. Gas prices have surged to an average of $4.52 per gallon, a 50% increase since the war began, prompting many Americans to alter their driving habits and cut household expenses.
AI summary · Source: Telemundo McAllen (KTLM) →
