Rising gasoline prices, driven by the 2026 Middle East conflict and supply disruptions, have prompted President Trump and bipartisan members of Congress to back a temporary federal gas tax suspension on the 18.4-cent excise tax funding the Highway Trust Fund. Multiple bills, including 90-day measures and longer relief extending through October, have been introduced, though none have advanced to passage as of late August. The president lacks unilateral authority to enact such a change, requiring both chambers to approve legislation. Recent EPA emergency fuel waivers easing summer blend requirements aim to boost supply and ease prices without touching the tax itself. Traders assess the likelihood of congressional action amid ongoing price pressures and competing fiscal priorities.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$33,533 Vol.
Nov 2, 2026
November 2
16%
$33,533 Vol.
November 2
$11,168 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, driven by the 2026 Middle East conflict and supply disruptions, have prompted President Trump and bipartisan members of Congress to back a temporary federal gas tax suspension on the 18.4-cent excise tax funding the Highway Trust Fund. Multiple bills, including 90-day measures and longer relief extending through October, have been introduced, though none have advanced to passage as of late August. The president lacks unilateral authority to enact such a change, requiring both chambers to approve legislation. Recent EPA emergency fuel waivers easing summer blend requirements aim to boost supply and ease prices without touching the tax itself. Traders assess the likelihood of congressional action amid ongoing price pressures and competing fiscal priorities.
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
$33,533End Date
Nov 3, 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 the 2026 Middle East conflict and supply disruptions, have prompted President Trump and bipartisan members of Congress to back a temporary federal gas tax suspension on the 18.4-cent excise tax funding the Highway Trust Fund. Multiple bills, including 90-day measures and longer relief extending through October, have been introduced, though none have advanced to passage as of late August. The president lacks unilateral authority to enact such a change, requiring both chambers to approve legislation. Recent EPA emergency fuel waivers easing summer blend requirements aim to boost supply and ease prices without touching the tax itself. Traders assess the likelihood of congressional action amid ongoing price pressures and competing fiscal priorities.
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
$33,533End Date
Nov 3, 2026Market Opened
May 12, 2026, 1:38 PM ETResolver
0x65070BE91...Rising gasoline prices, driven by the 2026 Middle East conflict and supply disruptions, have prompted President Trump and bipartisan members of Congress to back a temporary federal gas tax suspension on the 18.4-cent excise tax funding the Highway Trust Fund. Multiple bills, including 90-day measures and longer relief extending through October, have been introduced, though none have advanced to passage as of late August. The president lacks unilateral authority to enact such a change, requiring both chambers to approve legislation. Recent EPA emergency fuel waivers easing summer blend requirements aim to boost supply and ease prices without touching the tax itself. Traders assess the likelihood of congressional action amid ongoing price pressures and competing fiscal priorities.
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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