March 26 (UPI) -- President Donald Trump said Thursday his administration has considered suspending the federal gas tax as oil prices climb higher amid the war in Iran.
"It's something we have in our pocket if we think it's necessary," he told reporters during the open portion of a Cabinet meeting at the White House.
The national average cost for a gallon of gasoline was $3.981 on Thursday, and diesel was $5.375, a 33.6% and 43% increase since before the conflict in Iran, AAA reported.
A year ago, those prices were $3.150 and $3.606, respectively. On Feb. 27, the day before the bombing of Iran, they were $2.98 and $3.76.
Related
