How much you pay in federal and state gas taxes as Trump weighs price cut

Key Points:

• As national gas prices approach $5 per gallon, President Donald Trump and his Cabinet are considering suspending the federal gas tax of 18 cents per gallon to provide relief, a move that would require Congressional approval.
• Despite potential tax suspensions, an NBC News analysis indicates that gas prices would still be about 35% higher than before the Iran war, with prices nationwide having increased over 50% since the conflict began in late February.
• Currently, an average of 51 cents per gallon in taxes and fees is added to gas prices in the U.S., with 18 cents going to the federal government and the rest to state and local authorities; this tax burden varies widely by state.
• Georgia has already suspended its gas tax in March, a measure set to expire on May 19, while other states see tax contributions ranging from 5% to 17% of the per-gallon cost depending on local rates.
• Energy Secretary Chris Wright affirmed the administration's support for all measures aimed at lowering fuel prices to benefit American consumers amid rising costs.