{
  "id": 12605476,
  "title": "Trump Floats Gas Tax Cut. Here’s How Much You Could Save",
  "url": "https://urgent.news/2026/10/07/trump-floats-gas-tax-cut-heres-how-much-you-could-save",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T10:26:00.000Z",
  "source": {
    "name": "Newsweek",
    "slug": "newsweek",
    "url": "https://www.newsweek.com/trump-floats-gas-tax-cut-how-much-you-could-save-12533288"
  },
  "original_language": "en",
  "account": "President Donald Trump suggested on Tuesday that his administration was considering suspending the federal gas tax to help alleviate Americans' increasing pain at the pump. The current national average gas price stands at $4.37 per gallon, a 50 percent rise since the start of the Iran war in late February. In an executive order signed on Monday, the administration permitted tax-free dyed diesel use through the end of the year, with no interest or penalties. When asked about a potential federal gas tax suspension, Trump said they were \"thinking about that,\" but offered no specifics on timing. Republican senators and representatives have expressed support for the measure, urging Congress to help ease the current gas price crisis. If the federal gas tax were suspended, drivers could save up to 4 percent on the price of regular gas and nearly 4 percent on diesel, though analysts from the Bipartisan Policy Center believe the full savings will only be passed on to consumers at a rate of 10 to 16 cents per gallon. The federal gas tax brings in roughly $30 billion annually, while the federal diesel tax generates about $11 billion annually, totaling around $41 billion per year. This revenue is used for highway construction, maintenance, and public transportation. However, suspending the gas tax would likely result in a loss of billions in government revenues, potentially affecting highway and transit projects.",
  "summary": "Studies suggest that, even if Congress approved the suspension, drivers would not receive the full benefit of the tax cut.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}