Rising gas prices, driven by U.S. and Israeli military operations against Iran since February 2026, have prompted President Trump and bipartisan lawmakers to advance proposals for a temporary federal gas tax suspension. Multiple bills, including S. 4032 and S. 4485, seek to pause the 18.4-cent excise tax for 90 days to several months, with some granting the president extension authority tied to economic conditions. No prior Congress has enacted such a measure, and current legislation remains stalled in committee amid concerns over Highway Trust Fund revenue losses exceeding $10 billion. Traders are monitoring floor votes, summer driving season developments, and any administration signals on priority before the 119th Congress adjourns.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$18,003 Vol.
Jun 30, 2026
June 30
4%
November 2
37%
$18,003 Vol.
June 30
$15,840 Vol.
4%
November 2
$2,163 Vol.
37%
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, driven by U.S. and Israeli military operations against Iran since February 2026, have prompted President Trump and bipartisan lawmakers to advance proposals for a temporary federal gas tax suspension. Multiple bills, including S. 4032 and S. 4485, seek to pause the 18.4-cent excise tax for 90 days to several months, with some granting the president extension authority tied to economic conditions. No prior Congress has enacted such a measure, and current legislation remains stalled in committee amid concerns over Highway Trust Fund revenue losses exceeding $10 billion. Traders are monitoring floor votes, summer driving season developments, and any administration signals on priority before the 119th Congress adjourns.
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
$18,003End 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, driven by U.S. and Israeli military operations against Iran since February 2026, have prompted President Trump and bipartisan lawmakers to advance proposals for a temporary federal gas tax suspension. Multiple bills, including S. 4032 and S. 4485, seek to pause the 18.4-cent excise tax for 90 days to several months, with some granting the president extension authority tied to economic conditions. No prior Congress has enacted such a measure, and current legislation remains stalled in committee amid concerns over Highway Trust Fund revenue losses exceeding $10 billion. Traders are monitoring floor votes, summer driving season developments, and any administration signals on priority before the 119th Congress adjourns.
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
$18,003End Date
Dec 31, 2026Market Opened
May 12, 2026, 1:38 PM ETResolver
0x65070BE91...Rising gas prices, driven by U.S. and Israeli military operations against Iran since February 2026, have prompted President Trump and bipartisan lawmakers to advance proposals for a temporary federal gas tax suspension. Multiple bills, including S. 4032 and S. 4485, seek to pause the 18.4-cent excise tax for 90 days to several months, with some granting the president extension authority tied to economic conditions. No prior Congress has enacted such a measure, and current legislation remains stalled in committee amid concerns over Highway Trust Fund revenue losses exceeding $10 billion. Traders are monitoring floor votes, summer driving season developments, and any administration signals on priority before the 119th Congress adjourns.
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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