As the White House and Congress mull suspending the federal gas tax, analysts suggest it would be bad for the budget and not much help at the pump.

Average gas prices have soared by more than 50% since the start of the Iran war.

President Donald Trump says he plans to suspend the federal gas tax "for a period of time" as part of a move to curb high prices at the pump.

Sen. Josh Hawley (R-MO) and Rep. Anna Paulina Luna (R-FL) have pledged to introduce legislation to suspend the federal gas tax.