Trump Open to Gas Tax Hike — Here’s How to Cut Your Fuel Costs

Photo by FUN FUN PHOTO /

President Donald Trump says he’s open to the idea of raising the U.S. gas tax and using the money for infrastructure improvements.

“It’s something that I would certainly consider,” Trump said in an interview Monday in the Oval Office with Bloomberg News.

Trump said truckers support increasing the federal gas tax “if we earmarked money toward the highways,” according to Bloomberg.

The federal per-gallon taxes of 18.4 cents on gasoline and 24.4 cents on diesel haven’t been raised since 1993, notes Bloomberg. But at least 40 states have hiked their fuel levies since then.

Increasing the gas tax, or tying the rate to inflation, has historically been an idea opposed by Republicans, notes NBC News.

White House communications director Sean Spicer says the president isn’t committing to a hike in the gas tax, but is simply keeping an open mind “out of respect” for trucking-industry interests, reports Bloomberg.

How to save money on gas

No matter how much you’re forking over for a gallon of gas, there are ways to save money at the pump. For example, you may want to consider joining a warehouse club. In “5 Ways to Slash the Cost of Gas,” Money Talks News contributor Melissa Neiman writes:

Warehouse clubs such as Costco, BJs and Sam’s Club all sell gas to members, and it is often — though not always — among the lowest-priced in town

Neiman also recommends using a smartphone app — like GasBuddy or GasGuru — to help you locate the cheapest gas station in town to fill up your car.

Another easy way to save money at the pump is to pass up the premium gas. Get more information in “U.S. Drivers Waste Billions on Expensive Premium Gas.”

What do you think of a potential hike on the federal gas tax? Sound off below or on Facebook.

How to find cheaper car insurance in minutes

Getting a better deal on car insurance doesn't have to be hard. You can have The Zebra, an insurance comparison site compare quotes in just a few minutes and find you the best rates. Consumers save an average of $368 per year, according to the site, so if you're ready to secure your new rate, get started now.

Read Next
10 Purchases You Should Not Put on a Credit Card
10 Purchases You Should Not Put on a Credit Card

Credit cards offer many conveniences and protections, but sometimes it’s simply smarter to keep the plastic tucked away.

5 Simple Steps to an Awesome Retirement
5 Simple Steps to an Awesome Retirement

The path to your dream retirement begins with these five steps. How many have you already taken?

19 Amazon Purchases That We Are Loving Right Now
19 Amazon Purchases That We Are Loving Right Now

These practical products make everyday life a little easier.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started


Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.

Trending Stories