Rising gasoline prices, driven by U.S. and Israeli military operations against Iran since February 2026 and resulting oil market disruptions, have prompted renewed calls to suspend the 18.4-cent federal excise tax. President Trump has proposed a temporary pause to provide relief, while Democratic lawmakers introduced the Gas Prices Relief Act of 2026 to eliminate the tax through October 1. These measures require congressional passage and have not advanced beyond committee referral as of mid-August. No federal suspension has occurred historically, though several states enacted their own holidays. Trader sentiment reflects uncertainty over whether partisan divides or Highway Trust Fund revenue concerns will block action before summer driving season ends.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$31,988 Vol.
Nov 2, 2026
November 2
20%
$31,988 Vol.
November 2
$9,622 Vol.
20%
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 operations against Iran since February 2026 and resulting oil market disruptions, have prompted renewed calls to suspend the 18.4-cent federal excise tax. President Trump has proposed a temporary pause to provide relief, while Democratic lawmakers introduced the Gas Prices Relief Act of 2026 to eliminate the tax through October 1. These measures require congressional passage and have not advanced beyond committee referral as of mid-August. No federal suspension has occurred historically, though several states enacted their own holidays. Trader sentiment reflects uncertainty over whether partisan divides or Highway Trust Fund revenue concerns will block action before summer driving season ends.
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
$31,988End 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 operations against Iran since February 2026 and resulting oil market disruptions, have prompted renewed calls to suspend the 18.4-cent federal excise tax. President Trump has proposed a temporary pause to provide relief, while Democratic lawmakers introduced the Gas Prices Relief Act of 2026 to eliminate the tax through October 1. These measures require congressional passage and have not advanced beyond committee referral as of mid-August. No federal suspension has occurred historically, though several states enacted their own holidays. Trader sentiment reflects uncertainty over whether partisan divides or Highway Trust Fund revenue concerns will block action before summer driving season ends.
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
$31,988End Date
Dec 31, 2026Market Opened
May 12, 2026, 1:38 PM ETResolver
0x65070BE91...Rising gasoline prices, driven by U.S. and Israeli military operations against Iran since February 2026 and resulting oil market disruptions, have prompted renewed calls to suspend the 18.4-cent federal excise tax. President Trump has proposed a temporary pause to provide relief, while Democratic lawmakers introduced the Gas Prices Relief Act of 2026 to eliminate the tax through October 1. These measures require congressional passage and have not advanced beyond committee referral as of mid-August. No federal suspension has occurred historically, though several states enacted their own holidays. Trader sentiment reflects uncertainty over whether partisan divides or Highway Trust Fund revenue concerns will block action before summer driving season ends.
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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