Rising gasoline prices, driven by U.S. and Israeli military actions against Iran since February 2026, have prompted President Trump to publicly support suspending the federal excise tax on gasoline and diesel fuel. Multiple bills introduced in the 119th Congress, including Republican-led measures such as S. 4485 for a 90-day pause with extension authority, aim to reduce the 18.4-cent-per-gallon gas tax and 24.4-cent diesel levy to zero. These proposals require congressional passage to take effect and would divert revenue from the Highway Trust Fund, a step Congress has never taken despite prior discussions. Lawmakers continue to weigh the measure against infrastructure funding needs and upcoming surface transportation reauthorization debates, with trader consensus reflecting uncertainty over whether legislative momentum will produce enactment in the near term.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedNEW
Jun 30, 2026
June 30
14%
November 2
40%
$5,528 Vol.
June 30
$3,898 Vol.
14%
November 2
$1,631 Vol.
40%
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 military actions against Iran since February 2026, have prompted President Trump to publicly support suspending the federal excise tax on gasoline and diesel fuel. Multiple bills introduced in the 119th Congress, including Republican-led measures such as S. 4485 for a 90-day pause with extension authority, aim to reduce the 18.4-cent-per-gallon gas tax and 24.4-cent diesel levy to zero. These proposals require congressional passage to take effect and would divert revenue from the Highway Trust Fund, a step Congress has never taken despite prior discussions. Lawmakers continue to weigh the measure against infrastructure funding needs and upcoming surface transportation reauthorization debates, with trader consensus reflecting uncertainty over whether legislative momentum will produce enactment in the near term.
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
$5,528End 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 military actions against Iran since February 2026, have prompted President Trump to publicly support suspending the federal excise tax on gasoline and diesel fuel. Multiple bills introduced in the 119th Congress, including Republican-led measures such as S. 4485 for a 90-day pause with extension authority, aim to reduce the 18.4-cent-per-gallon gas tax and 24.4-cent diesel levy to zero. These proposals require congressional passage to take effect and would divert revenue from the Highway Trust Fund, a step Congress has never taken despite prior discussions. Lawmakers continue to weigh the measure against infrastructure funding needs and upcoming surface transportation reauthorization debates, with trader consensus reflecting uncertainty over whether legislative momentum will produce enactment in the near term.
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
$5,528End Date
Dec 31, 2026Market Opened
May 12, 2026, 1:38 PM ETResolver
0x65070BE91...Rising gasoline prices, driven by U.S. and Israeli military actions against Iran since February 2026, have prompted President Trump to publicly support suspending the federal excise tax on gasoline and diesel fuel. Multiple bills introduced in the 119th Congress, including Republican-led measures such as S. 4485 for a 90-day pause with extension authority, aim to reduce the 18.4-cent-per-gallon gas tax and 24.4-cent diesel levy to zero. These proposals require congressional passage to take effect and would divert revenue from the Highway Trust Fund, a step Congress has never taken despite prior discussions. Lawmakers continue to weigh the measure against infrastructure funding needs and upcoming surface transportation reauthorization debates, with trader consensus reflecting uncertainty over whether legislative momentum will produce enactment in the near term.
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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