AssetID: 55682603
Headline: UNCAPTIONED: Trump Backs Gas Tax Cut as Fuel Prices Surge During Iran War
Caption: Trump Backs Gas Tax Cut as Fuel Prices Surge During Iran War. Donald Trump says he supports suspending the federal gas tax as fuel prices across the United States continue climbing during the Iran conflict. The current federal gasoline tax adds 18.4 cents per gallon, while diesel is taxed at 24.4 cents.Trump said he wants the tax reduced “until it’s appropriate” as Americans face rising costs at the pump. Republican Senator Josh Hawley is introducing a bill to freeze both taxes for 90 days. Gas prices have jumped sharply since fighting began in late February, with Iran effectively blocking the Strait of Hormuz, a key route that normally carries around 20% of the world’s oil supply. According to AAA, average US gasoline prices have now reached $4.52 per gallon, the highest level since 2022. Some experts warn that even if the gas tax is suspended, Americans may barely notice any savings if the conflict continues disrupting global oil shipments. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,United States,Denmark,Greenland,Arctic security,military expansion,Donald Trump,North Atlantic strategy,Russia,China,Narsarsuaq,Cold War military base,1951 defence agreement
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