"The U.S. federal tax on a gallon of gasoline is 18.4 cents, a mere fraction of the current national average price at the pumps of $4.52 US a gallon, according to travel services agency AAA. That national average is up 50 per cent since the U.S.-Israel war with Iran began at the end of February, an increase of $1.54 US per gallon over a stretch of just 10 weeks. Even Trump is acknowledging that cutting the tax will knock relatively little off the price."
"Trump said Monday he wants a temporary pause on the federal gas tax, a move that requires an act of Congress. "It's a small percentage, but it's, you know, it's still money," he said Monday. The federal tax is 18.4 cents per gallon, while the national average price is $4.52 per gallon, meaning the tax cut would not match the scale of recent price increases."
"As gas prices have risen, Trump's polling numbers have fallen. With less than six months to go until the midterm elections that will determine whether the Republicans lose control of Congress for the second half of Trump's term, the White House is feeling the urgency of dealing with inflation. Recent U.S. polling by Ipsos Public Affairs for Reuters news agency found more than three-quarters of respondents blamed Trump for the gas price spike."
"The price increase is absolutely a factor influencing people's views of the president, says Alec Tyson, the Washington-based lead pollster for Ipsos. "It's seen as a consequence of the conflict in Iran, which was a step or an action that the administration chose to take, and in that sense, Americans are saying the Trump administration bears responsibility," Tyson told CBC News."
The federal gasoline tax is 18.4 cents per gallon, which is small compared with a national average pump price of $4.52. Gas prices have risen sharply, increasing by $1.54 per gallon over about 10 weeks since late February. A federal fuel tax pause would require an act of Congress, and the tax cut would likely remove only a small percentage of the final price. Trump acknowledged the reduction would still be “money” for drivers. Rising gas prices have also coincided with falling polling numbers and heightened concern about inflation ahead of midterm elections. Polling indicates many Americans blame Trump for the gas price spike, linking it to the Iran-related conflict and actions chosen by the administration.
Read at www.cbc.ca
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