Rising gasoline prices linked to Middle East supply disruptions since February 2026 prompted President Trump and bipartisan lawmakers to propose a temporary federal gas tax suspension in May. Multiple bills, including versions targeting relief through October 1 or shorter 90-day windows, were introduced in both chambers but have not advanced past referral or gained sufficient support for passage. Any suspension requires congressional legislation to amend excise tax rates under IRC §4081 and address Highway Trust Fund revenue shortfalls, a step Congress has never taken since the fund’s 1956 creation. As of mid-August, stalled momentum amid competing priorities such as surface transportation reauthorization and fiscal concerns keeps implied probabilities for enactment by key dates low.
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 linked to Middle East supply disruptions since February 2026 prompted President Trump and bipartisan lawmakers to propose a temporary federal gas tax suspension in May. Multiple bills, including versions targeting relief through October 1 or shorter 90-day windows, were introduced in both chambers but have not advanced past referral or gained sufficient support for passage. Any suspension requires congressional legislation to amend excise tax rates under IRC §4081 and address Highway Trust Fund revenue shortfalls, a step Congress has never taken since the fund’s 1956 creation. As of mid-August, stalled momentum amid competing priorities such as surface transportation reauthorization and fiscal concerns keeps implied probabilities for enactment by key dates low.
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 linked to Middle East supply disruptions since February 2026 prompted President Trump and bipartisan lawmakers to propose a temporary federal gas tax suspension in May. Multiple bills, including versions targeting relief through October 1 or shorter 90-day windows, were introduced in both chambers but have not advanced past referral or gained sufficient support for passage. Any suspension requires congressional legislation to amend excise tax rates under IRC §4081 and address Highway Trust Fund revenue shortfalls, a step Congress has never taken since the fund’s 1956 creation. As of mid-August, stalled momentum amid competing priorities such as surface transportation reauthorization and fiscal concerns keeps implied probabilities for enactment by key dates low.
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 linked to Middle East supply disruptions since February 2026 prompted President Trump and bipartisan lawmakers to propose a temporary federal gas tax suspension in May. Multiple bills, including versions targeting relief through October 1 or shorter 90-day windows, were introduced in both chambers but have not advanced past referral or gained sufficient support for passage. Any suspension requires congressional legislation to amend excise tax rates under IRC §4081 and address Highway Trust Fund revenue shortfalls, a step Congress has never taken since the fund’s 1956 creation. As of mid-August, stalled momentum amid competing priorities such as surface transportation reauthorization and fiscal concerns keeps implied probabilities for enactment by key dates low.
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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