Trending Now - Energy Secretary Signals Willingness to Suspend Gas Tax Amid Price Hike
WHO:
Fox News - Energy Secretary Chris Wright
NBC News - Trump administration
WHAT:
Yahoo - Energy Secretary Chris Wright stated that the average cost of gas is around $4.55, with the cost of oil rising above $95 per barrel.
Yahoo - Wright mentioned that he is “avoiding” price predictions as gas prices continue to rise amid the ongoing war with Iran.
Yahoo - Wright indicated that gasoline and diesel prices are up and will remain high while the conflict in the Middle East continues, but he believes they will eventually come back down lower than they were before.
NY Post - Energy Secretary Chris Wright indicated that suspending the gas tax could provide relief to Americans amid the crisis in the Strait of Hormuz.
Fox News - The Trump administration is open to suspending the federal gas tax.
NBC News - Chris Wright stated the administration is “open to all ideas” to lower gas costs, including suspending the federal gas tax.
WHERE:
NBC News - The discussions are taking place within the context of the White House.
WHY:
NBC News - The Trump administration's priority includes ending Iran’s nuclear program and restoring secure shipping through the Strait of Hormuz, which is contributing to elevated gas prices in the short term.
NBC News - The motivation for considering the suspension of the gas tax is the rise in fuel prices amid the Iran conflict and ongoing tensions that could keep gas prices elevated.
HOW:
NBC News - The administration is exploring various options to address the rising costs of gas.
(UPDATED May 11, 2026 06:13 UTC)
Energy Secretary Chris Wright announced that the average cost of gas is currently around $4.55, with oil prices climbing above $95 per barrel. He is steering clear of making price predictions as gas prices continue to rise amid the ongoing war with Iran. Wright also noted that while gasoline and diesel prices are up and expected to stay high due to the conflict in the Middle East, he believes they will eventually drop below previous levels.
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(UPDATED May 10, 2026 21:10 UTC)
Energy Secretary Chris Wright has suggested that suspending the gas tax could offer some relief to Americans facing rising gas prices due to the ongoing crisis in the Strait of Hormuz. The Trump administration is focused on ending Iran’s nuclear program and ensuring secure shipping in the region, which is currently driving up fuel costs. As the situation develops, the administration is considering various measures to address the economic impact on consumers.
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(UPDATED May 10, 2026 17:13 UTC)
Energy Secretary Chris Wright announced that the Trump administration is open to suspending the federal gas tax as part of its efforts to lower gas costs. These discussions are taking place within the context of the White House, driven by the rising fuel prices amid the Iran conflict and ongoing tensions that could keep prices elevated. The administration is exploring various options to tackle these increasing costs, indicating a willingness to consider all ideas.