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Suspending federal gas tax wouldn’t save drivers as much as they might hope – here’s what goes into the price of a gallon of gas

  • Written by Robert I. Harris, Assistant Professor of Economics, Georgia Institute of Technology
Suspending federal gas tax wouldn’t save drivers as much as they might hope – here’s what goes into the price of a gallon of gasGas taxes – federal and state – make up only a small piece of the price of a gallon of gas.AP Photo/Jenny Kane

With gasoline prices still high – averaging over US$4.50 a gallon in mid-May 2026 – President Donald Trump said he wanted Congress to suspend the federal gas tax, which is 18.4 cents a gallon for gasoline and 24.3...

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