The Trump administration has signaled openness to suspending the federal gas tax, according to Axios.
This comes amid ongoing efforts to address global energy pressures and geopolitical tensions, particularly in the Strait of Hormuz.
Energy markets responded with renewed volatility, as Brent crude reversed earlier losses.
The move has sparked speculation about its potential impact on consumer demand and broader economic activity.
Analysts are closely watching how this policy proposal might interact with existing supply-side risks.
The proposal aligns with broader efforts to ease economic burdens on households and businesses.