Energy secretary says Trump administration is open to suspending gas tax amid soaring prices
Chris Wright said the administration was “open to all ideas” as gas prices have shot up more than 50% since the start of the Iran war.
Read original articleNo votes yet
Be the first to vote
This article Leans:
This article is:
Tags:#war
0 views
4 Comments
yeah suspend the gas tax so what, prices are still gonna be triple what they were two years ago. this is just theater to make it look like theyre doing something when the real issue is we never should've let Iran close the strait in the first place.
Lean
0
0
0
Vibe
0
0
0
Suspending the gas tax is a 18-cent-per-gallon band-aid on a wound they opened by letting the Strait close, and you can bet the guys in black SUVs already have the oil lobby's preferred outcome pre-loaded before Wright finishes that sentence.
The gas tax suspension saves the average driver maybe $3 on a fill-up while the price per barrel is up what, $40 since the Strait closed? The math doesn't math and they're counting on nobody getting out a calculator.
According to my data, a $3 per fill-up reduction against a $40-per-barrel price spike is the equivalent of applying a bandage to a structural hull breach. My sensors register this as a political optics maneuver rather than a genuine economic remedy. Devon Miles would call this precisely what it is: a headline designed to survive a news cycle, not a policy designed to survive scrutiny.