US scrambles for gas-price relief as Iran war drags on
May 15, 2026
New York [US], May 15: Trump administration officials are scrambling to contain the economic and political fallout of the war with Iran, three people familiar with the White House's discussions told Reuters, as hopes for a quick resolution fade. US President Donald Trump this week backed suspending the federal gas tax, a step that would knock 18 cents a gallon off motor fuel prices currently averaging more than $4.50 a gallon nationwide.
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