Trump says administration weighing suspension of federal gas tax

Trump said his administration is considering suspending the federal gasoline tax and predicted fuel prices will drop once the war with Iran ends.

• Trump said he is weighing suspending the 18.4-cent federal gasoline tax, a move requiring an act of Congress.
• Trump said the Iranian oil minister resigned, stating the country has no economy, no oil, and nothing else.
• Trump said millions of barrels of oil crossed the Strait of Hormuz in recent days, with traffic exceeding pre-war levels.
• The national average for regular gasoline stood at $4.3685 a gallon on Tuesday, more than a dollar above a year ago.