Rising gas prices, up more than $1.50 per gallon since February 2026 amid U.S. and Israeli operations against Iran and related disruptions in the Persian Gulf, have prompted renewed calls to suspend the 18.4-cent federal excise tax on gasoline. President Trump publicly endorsed a temporary pause on May 11, aligning with recent Republican-led bills in the House and Senate, including measures for 90-day or summer-season suspensions that would also cover diesel. Earlier Democratic proposals sought relief through October 2026. Any suspension requires congressional approval and would reduce Highway Trust Fund revenue by an estimated $11-17 billion depending on duration, while delivering only partial relief at the pump. Traders are weighing legislative momentum against longstanding opposition from infrastructure advocates and historical reluctance in Congress to enact such holidays.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedNEW
Nov 2, 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 gas prices, up more than $1.50 per gallon since February 2026 amid U.S. and Israeli operations against Iran and related disruptions in the Persian Gulf, have prompted renewed calls to suspend the 18.4-cent federal excise tax on gasoline. President Trump publicly endorsed a temporary pause on May 11, aligning with recent Republican-led bills in the House and Senate, including measures for 90-day or summer-season suspensions that would also cover diesel. Earlier Democratic proposals sought relief through October 2026. Any suspension requires congressional approval and would reduce Highway Trust Fund revenue by an estimated $11-17 billion depending on duration, while delivering only partial relief at the pump. Traders are weighing legislative momentum against longstanding opposition from infrastructure advocates and historical reluctance in Congress to enact such holidays.
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 gas prices, up more than $1.50 per gallon since February 2026 amid U.S. and Israeli operations against Iran and related disruptions in the Persian Gulf, have prompted renewed calls to suspend the 18.4-cent federal excise tax on gasoline. President Trump publicly endorsed a temporary pause on May 11, aligning with recent Republican-led bills in the House and Senate, including measures for 90-day or summer-season suspensions that would also cover diesel. Earlier Democratic proposals sought relief through October 2026. Any suspension requires congressional approval and would reduce Highway Trust Fund revenue by an estimated $11-17 billion depending on duration, while delivering only partial relief at the pump. Traders are weighing legislative momentum against longstanding opposition from infrastructure advocates and historical reluctance in Congress to enact such holidays.
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 gas prices, up more than $1.50 per gallon since February 2026 amid U.S. and Israeli operations against Iran and related disruptions in the Persian Gulf, have prompted renewed calls to suspend the 18.4-cent federal excise tax on gasoline. President Trump publicly endorsed a temporary pause on May 11, aligning with recent Republican-led bills in the House and Senate, including measures for 90-day or summer-season suspensions that would also cover diesel. Earlier Democratic proposals sought relief through October 2026. Any suspension requires congressional approval and would reduce Highway Trust Fund revenue by an estimated $11-17 billion depending on duration, while delivering only partial relief at the pump. Traders are weighing legislative momentum against longstanding opposition from infrastructure advocates and historical reluctance in Congress to enact such holidays.
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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