Average National Price for Gas Hit $4.52 a Gallon as of May 10
Major trucking groups oppose President Donald Trump’s plan to suspend the federal gasoline tax to counter rising prices at the pump, as the cost of oil soars while the war with Iran drags on.
Late May 11, American Trucking Associations, Truckload Carriers Association and National Tank Truck Carriers released a statement detailing their position on such a proposal.
“We understand and appreciate the desire to provide relief to Americans facing higher fuel costs. However, history shows that gas tax holidays deliver negligible benefit to consumers. Because the tax is collected at the wholesale level and not at the retail pump, most savings never reach the consumer,” the statement said. “While the average motorist pays about $1.63 per week in federal fuel taxes, a suspension would translate into only about 30 cents in weekly savings.
“Without replacement funds, fuel tax revenues supporting critical investments in highway safety and infrastructure projects would evaporate, hindering the safe and efficient movement of people and goods across the country.
