President Donald Trump's endorsement on May 11 of suspending the 18.4-cent-per-gallon federal gas tax has sparked fresh legislative momentum amid soaring pump prices driven by the ongoing war with Iran, now in its 11th week. The proposal requires congressional approval, as the executive branch lacks unilateral authority over taxation, prompting bills from Sen. Josh Hawley (R-MO) and Rep. Anna Paulina Luna (R-FL), building on earlier bipartisan efforts like the Gas Prices Relief Act of 2026 by Sens. Mark Kelly (D-AZ) and Richard Blumenthal (D-CT) targeting an October 1 end date. Critics highlight risks to the Highway Trust Fund, which relies on the levy for infrastructure, and modest consumer savings of about 18 cents per gallon. Traders eye upcoming floor votes and midterm political pressures as key catalysts, though passage faces deficit and revenue concerns.
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
20%
November 2
33%
$4,132 Vol.
June 30
$2,833 Vol.
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November 2
$1,299 Vol.
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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.President Donald Trump's endorsement on May 11 of suspending the 18.4-cent-per-gallon federal gas tax has sparked fresh legislative momentum amid soaring pump prices driven by the ongoing war with Iran, now in its 11th week. The proposal requires congressional approval, as the executive branch lacks unilateral authority over taxation, prompting bills from Sen. Josh Hawley (R-MO) and Rep. Anna Paulina Luna (R-FL), building on earlier bipartisan efforts like the Gas Prices Relief Act of 2026 by Sens. Mark Kelly (D-AZ) and Richard Blumenthal (D-CT) targeting an October 1 end date. Critics highlight risks to the Highway Trust Fund, which relies on the levy for infrastructure, and modest consumer savings of about 18 cents per gallon. Traders eye upcoming floor votes and midterm political pressures as key catalysts, though passage faces deficit and revenue concerns.
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
$4,132End 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.President Donald Trump's endorsement on May 11 of suspending the 18.4-cent-per-gallon federal gas tax has sparked fresh legislative momentum amid soaring pump prices driven by the ongoing war with Iran, now in its 11th week. The proposal requires congressional approval, as the executive branch lacks unilateral authority over taxation, prompting bills from Sen. Josh Hawley (R-MO) and Rep. Anna Paulina Luna (R-FL), building on earlier bipartisan efforts like the Gas Prices Relief Act of 2026 by Sens. Mark Kelly (D-AZ) and Richard Blumenthal (D-CT) targeting an October 1 end date. Critics highlight risks to the Highway Trust Fund, which relies on the levy for infrastructure, and modest consumer savings of about 18 cents per gallon. Traders eye upcoming floor votes and midterm political pressures as key catalysts, though passage faces deficit and revenue concerns.
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
$4,132End Date
Dec 31, 2026Market Opened
May 12, 2026, 1:38 PM ETResolver
0x65070BE91...President Donald Trump's endorsement on May 11 of suspending the 18.4-cent-per-gallon federal gas tax has sparked fresh legislative momentum amid soaring pump prices driven by the ongoing war with Iran, now in its 11th week. The proposal requires congressional approval, as the executive branch lacks unilateral authority over taxation, prompting bills from Sen. Josh Hawley (R-MO) and Rep. Anna Paulina Luna (R-FL), building on earlier bipartisan efforts like the Gas Prices Relief Act of 2026 by Sens. Mark Kelly (D-AZ) and Richard Blumenthal (D-CT) targeting an October 1 end date. Critics highlight risks to the Highway Trust Fund, which relies on the levy for infrastructure, and modest consumer savings of about 18 cents per gallon. Traders eye upcoming floor votes and midterm political pressures as key catalysts, though passage faces deficit and revenue concerns.
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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