Iran war hits home as gasoline prices fuel significant U.S. inflation jump
US faces rising costs with Iran war driving energy prices, inflation higher (aljazeera); Inflation Soared to 3.8% in April, Driven by Gasoline Prices (wsj)
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2 bills on this issue are moving right now — and the most active one is Gas Prices Relief Act of 2025.
HR3768 · 119th Congress
Gas Prices Relief Act of 2025
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About this bill
What HR3768 actually does
This story is about Consumer Prices Rise 3.8% Annually in April. This bill would set the federal gasoline excise tax rate to zero for a limited period.
If passed, it would:
- Set the federal gasoline excise tax rate to zero for a limited period (a “gas tax holiday” • Reduce the tax component of pump prices during the holiday period, affecting the energy component of CPI.
1 other bill moving on this issue
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This story is about Consumer Prices Rise 3.8% Annually in April. This bill would consumer: Require DOE to direct the National Petroleum Council to issue a report on U.S. petrochemical refineries, including capacity expans.
If passed, it would
- Require DOE to direct the National Petroleum Council to issue a report on U.S. petrochemical refineries • Put refinery-capacity findings in front of Congress and the administration for potential follow-on policy changes.
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