Trump Team Seeks Longer Gas Tax Holiday With Phased-In Return

The Trump administration is working with Congress to suspend federal excise taxes on gasoline and diesel as the war in Iran drives up oil and fuel costs.

Talks are underway on drafting the fuel tax suspension in a way that provides relief without provoking a run on gasoline supplies, while also preventing other unintended consequences, a senior administration official said.

A major concern is that any abrupt end of the tax holiday could prompt a rush of buying by consumers looking to take advantage of the discount before it disappears, the official said. Administration officials are considering language that ...