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Taxes & Budget

President Trump considers suspending federal gasoline excise tax

President Trump is considering suspending the federal gasoline excise tax. Energy expert David Holt commented on implications for Texas, which has its own state gas tax, and noted that Congress must approve any federal tax change and Governor Greg Abbott would need to waive the state tax.

Where
Federal; Texas
When
Oct. 8, 2026
Sources
Reported by 2 outlets

Taxes and money

If both federal and state taxes were removed in Texas, gas prices would be reduced by almost 40 cents per gallon per sources.

  • Federal gasoline excise tax18.4 cents per gallon1 2
  • Texas state gasoline tax20 cents per gallon1 2

Does this affect you?

Who's involved

  • President TrumpConsidering suspending federal gasoline excise tax
  • David HoltEnergy expert providing commentary
  • Greg AbbottTexas Governor who could waive state gas tax

The facts

  • Federal gasoline excise tax is 18.4 cents per gallon.1 2 Stated by 2 sources
  • Texas state gasoline tax is 20 cents per gallon.1 2 Stated by 2 sources
  • President expanded tax exemptions on red-dye diesel for farmers.1 2 Stated by 2 sources
  • Congress must approve any suspension of the federal gas tax.1 2 Stated by 2 sources
  • Governor Abbott would need to review and waive Texas state tax if he chooses.1 2 Stated by 2 sources

Who said what

These are statements and claims made by the people involved. They are reported, not verified.

  • David Holt, Energy Expert Suspending both taxes would reduce gas by almost 40 cents per gallon in Texas.1 2
  • David Holt, Energy Expert More refinery infrastructure is needed; California shutting 3 refineries tightened diesel market.1 2
  • David Holt, Energy Expert Removing both taxes would help farmers operate at affordable levels.1 2

How they headlined it

The same event, as each outlet put it. Marked words appear in only one outlet's headline.

  • President Trump Says He's Considering Suspending the Federal Gas Tax

    News Radio 1200 WOAI

  • President Trump Says He's Considering Suspending the Federal Gas Tax, but Will Texas Follow Suit?

    NewsRadio 740 KTRH

Sources

Outlets: 2 not rated Who's covering Texas →

These outlets were found through Google News headlines. Google decides which outlets appear there, and they lean mostly one way, so this sheet can only be as balanced as the reporting it was built from. Leanings are AllSides Media Bias Ratings.

  1. President Trump Says He's Considering Suspending the Federal Gas Tax News Radio 1200 WOAI Not rated, October 8, 2026
  2. President Trump Says He's Considering Suspending the Federal Gas Tax, but Will Texas Follow Suit? NewsRadio 740 KTRH Not rated, October 8, 2026

This sheet was written by AI from the sources above and adds nothing they don't state. Read the originals for full context.

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All corrections and updates

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Reported by 2 outletsFound via Google News

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Reported by 2 outletsFound via Google News

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Reported by 2 outletsFound via Google News

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$60 million for campaign funds raised, third quarter 2026

James Talarico, Democrat candidate for Texas Senate; Ken Paxton, Republican candidate for Texas Senate; Elon Musk, Tech billionaire and super PAC backer of Republican candidates

Reported by 6 outletsFound via Google News

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