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AXIOS (Ben Geman) - Trump official opens door to gas tax suspension

Energy Secretary Chris Wright said Sunday the Trump administration is "open" to suspending the federal gasoline tax amid high pump prices. Why it matters: His remarks slightly soften the White House stance on the idea of halting the federal tax of 18.3 cents per gallon. - Polling shows President Trump faces political blowback from prices at their highest levels in four years. - The average U.S. price for regular gas hit $4.52 per gallon Sunday, per AAA, up from just under $3 when the war began. Driving the news: Wright, asked about a gas tax suspension on NBC's "Meet the Press," said "we're open to all ideas" to lower costs for consumers and businesses. - But "everything has tradeoffs," he said. - Democratic lawmakers and candidates…

Keywordstrumpdonald-trumpchris-wrightgas-pricesoil-pricesenergyinflationeconomygeopoliticsus-policyaaahighway-trust-fundstrait-of-hormuziranwarmidtermsgoprepublicanstrategic-petroleum-reservejones-actmark-kellygasoline-taxenergy-priceswhite-house

AXIOS (Ben Geman) - What a gas tax holiday would actually do

The gasoline price surge is reigniting political chatter about suspending the federal tax on the fuel to help consumers, thanks to a recent round of populist proposals from high-profile Democrats. Why it matters: It's one of those go-to ideas that never actually happens, but often surfaces when prices climb. - Congress would have to approve a suspension of the gas tax, and so far, it never has. - But political winds could shift in these not-normal times, with no end in sight to the throttling of global oil shipments. The big picture: Pump costs are spiking anew this week, with the U.S. average now $4.46 per gallon on Monday, per AAA, and more increases looming. Between the lines: Suspending the 18.3 cent-per-gallon gas tax and 24.3 cent…

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