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U.S. Energy Secretary Open to Suspending Federal Fuel Tax as Gas Prices Hit $4.52 per Gallon

GateNews

2026-05-10 14:57:43

According to NBC News, U.S. Energy Secretary Wright said on May 10 the Trump administration is open to all ideas, including suspending federal fuel taxes, to lower gas prices. The national average gas price has surged to $4.52 per gallon on Sunday, up more than 50% since the Iran conflict began, according to American Automobile Association data. Wright noted that everything has a cost and declined to predict near-term energy prices.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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