Trump, lawmakers pitch gas tax relief. What it could mean for consumers

Suspending the federal gas tax could bring down prices at the pump but may not provide consumers with meaningful relief, experts say. On Monday, President Donald Trump said in Oval Office remarks that he would "reduce" the tax, after saying in an interview with CBS News that he wants to pause it "for a period of time." The taxes and other fees on retail gasoline and diesel fuel are 18.4 cents per gallon for gas and 24.4 cents per gallon for diesel, according to the U.S. …