Yellen Says Suspension of Federal Gas Tax on Table to Ease High Costs at Pump

U.S. Secretary of the Treasury Janet Yellen (L) and Colorado Gov. Jared Polis meet with women entrepreneurs for a panel discussion while visiting Mi Casa Resource Center in Denver, Colo., on March 11, 2022. Jason Connolly/POOL/AFP via Getty Images

Temporarily suspending the federal gas tax is among the options being considered to provide relief to American consumers as inflation is expected to remain “uncomfortably high” throughout the year, U.S. Treasury Secretary Janet Yellen said on Friday.

“We’re looking at a range of things that we might do to relieve consumers. The gas tax is one of the things on the list”, Yellen told reporters on Friday at a social services agency in Denver, Colorado.