Rising gasoline prices, driven by U.S. and Israeli operations against Iran since February 2026 and subsequent supply disruptions, have prompted proposals to suspend the 18.4-cent federal excise tax. President Trump endorsed a temporary pause, while lawmakers from both parties introduced bills in March and May 2026 for suspensions ranging from 90 days to October 1, with some measures including offsets for the Highway Trust Fund. No federal suspension has occurred since the fund’s 1956 creation, and any change requires congressional action amid debates over revenue losses estimated at $11–17 billion. Recent state-level holidays and ongoing surface transportation reauthorization discussions remain key variables that could influence whether legislation advances before year-end.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$31,449 Vol.
Nov 2, 2026
November 2
16%
$31,449 Vol.
November 2
$9,084 Vol.
16%
On May 11, 2026, Trump proposed suspending the federal gas tax.
This market will resolve to "Yes" if legislation that would, at least temporarily, suspend the federal excise tax on gasoline is passed by both chambers of the U.S. Congress and signed into law by the specified date (ET). Otherwise, this market will resolve to "No".
Qualifying legislation may include joint resolutions and must pass both the House and the Senate, and must be signed by the President, become law without signature while Congress remains in session, or become law through veto override. Presidential pocket vetoes that expire will not qualify.
The primary resolution sources for this market will be Congress.gov’s legislation tracker (https://www.congress.gov/bill/119th-congress/house-bill/22), the Library of Congress (congress.gov), and other official information from the government of the United States; however, a consensus of credible reporting may also be used.Rising gasoline prices, driven by U.S. and Israeli operations against Iran since February 2026 and subsequent supply disruptions, have prompted proposals to suspend the 18.4-cent federal excise tax. President Trump endorsed a temporary pause, while lawmakers from both parties introduced bills in March and May 2026 for suspensions ranging from 90 days to October 1, with some measures including offsets for the Highway Trust Fund. No federal suspension has occurred since the fund’s 1956 creation, and any change requires congressional action amid debates over revenue losses estimated at $11–17 billion. Recent state-level holidays and ongoing surface transportation reauthorization discussions remain key variables that could influence whether legislation advances before year-end.
On May 11, 2026, Trump proposed suspending the federal gas tax.
This market will resolve to "Yes" if legislation that would, at least temporarily, suspend the federal excise tax on gasoline is passed by both chambers of the U.S. Congress and signed into law by the specified date (ET). Otherwise, this market will resolve to "No".
Qualifying legislation may include joint resolutions and must pass both the House and the Senate, and must be signed by the President, become law without signature while Congress remains in session, or become law through veto override. Presidential pocket vetoes that expire will not qualify.
The primary resolution sources for this market will be Congress.gov’s legislation tracker (https://www.congress.gov/bill/119th-congress/house-bill/22), the Library of Congress (congress.gov), and other official information from the government of the United States; however, a consensus of credible reporting may also be used.
This market will resolve to "Yes" if legislation that would, at least temporarily, suspend the federal excise tax on gasoline is passed by both chambers of the U.S. Congress and signed into law by the specified date (ET). Otherwise, this market will resolve to "No".
Qualifying legislation may include joint resolutions and must pass both the House and the Senate, and must be signed by the President, become law without signature while Congress remains in session, or become law through veto override. Presidential pocket vetoes that expire will not qualify.
The primary resolution sources for this market will be Congress.gov’s legislation tracker (https://www.congress.gov/bill/119th-congress/house-bill/22), the Library of Congress (congress.gov), and other official information from the government of the United States; however, a consensus of credible reporting may also be used.
Market Opened: May 12, 2026, 1:38 PM ET
Volume
$31,449End Date
Dec 31, 2026Market Opened
May 12, 2026, 1:38 PM ETResolver
0x65070BE91...On May 11, 2026, Trump proposed suspending the federal gas tax.
This market will resolve to "Yes" if legislation that would, at least temporarily, suspend the federal excise tax on gasoline is passed by both chambers of the U.S. Congress and signed into law by the specified date (ET). Otherwise, this market will resolve to "No".
Qualifying legislation may include joint resolutions and must pass both the House and the Senate, and must be signed by the President, become law without signature while Congress remains in session, or become law through veto override. Presidential pocket vetoes that expire will not qualify.
The primary resolution sources for this market will be Congress.gov’s legislation tracker (https://www.congress.gov/bill/119th-congress/house-bill/22), the Library of Congress (congress.gov), and other official information from the government of the United States; however, a consensus of credible reporting may also be used.Rising gasoline prices, driven by U.S. and Israeli operations against Iran since February 2026 and subsequent supply disruptions, have prompted proposals to suspend the 18.4-cent federal excise tax. President Trump endorsed a temporary pause, while lawmakers from both parties introduced bills in March and May 2026 for suspensions ranging from 90 days to October 1, with some measures including offsets for the Highway Trust Fund. No federal suspension has occurred since the fund’s 1956 creation, and any change requires congressional action amid debates over revenue losses estimated at $11–17 billion. Recent state-level holidays and ongoing surface transportation reauthorization discussions remain key variables that could influence whether legislation advances before year-end.
On May 11, 2026, Trump proposed suspending the federal gas tax.
This market will resolve to "Yes" if legislation that would, at least temporarily, suspend the federal excise tax on gasoline is passed by both chambers of the U.S. Congress and signed into law by the specified date (ET). Otherwise, this market will resolve to "No".
Qualifying legislation may include joint resolutions and must pass both the House and the Senate, and must be signed by the President, become law without signature while Congress remains in session, or become law through veto override. Presidential pocket vetoes that expire will not qualify.
The primary resolution sources for this market will be Congress.gov’s legislation tracker (https://www.congress.gov/bill/119th-congress/house-bill/22), the Library of Congress (congress.gov), and other official information from the government of the United States; however, a consensus of credible reporting may also be used.
This market will resolve to "Yes" if legislation that would, at least temporarily, suspend the federal excise tax on gasoline is passed by both chambers of the U.S. Congress and signed into law by the specified date (ET). Otherwise, this market will resolve to "No".
Qualifying legislation may include joint resolutions and must pass both the House and the Senate, and must be signed by the President, become law without signature while Congress remains in session, or become law through veto override. Presidential pocket vetoes that expire will not qualify.
The primary resolution sources for this market will be Congress.gov’s legislation tracker (https://www.congress.gov/bill/119th-congress/house-bill/22), the Library of Congress (congress.gov), and other official information from the government of the United States; however, a consensus of credible reporting may also be used.
Volume
$31,449End Date
Dec 31, 2026Market Opened
May 12, 2026, 1:38 PM ETResolver
0x65070BE91...Rising gasoline prices, driven by U.S. and Israeli operations against Iran since February 2026 and subsequent supply disruptions, have prompted proposals to suspend the 18.4-cent federal excise tax. President Trump endorsed a temporary pause, while lawmakers from both parties introduced bills in March and May 2026 for suspensions ranging from 90 days to October 1, with some measures including offsets for the Highway Trust Fund. No federal suspension has occurred since the fund’s 1956 creation, and any change requires congressional action amid debates over revenue losses estimated at $11–17 billion. Recent state-level holidays and ongoing surface transportation reauthorization discussions remain key variables that could influence whether legislation advances before year-end.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
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