The President of the United States, Donald Trump, revealed on Monday his plan to temporarily suspend the gasoline tax federal. This measure aims to mitigate the impact of the price increase of fuels, driven by the conflict between Washington, Israel and Iran, along with the blockade of the Strait of Ormuz.
Context of the conflict and its effect on prices
The gasoline tax federal, which rounds 1.84 cents per gallon since 1993, represents a potential relief for millions of Americans. Energy experts point out that the blockade in Ormuz, through which 20% of the world’s oil passes, has raised prices by 15% in the last few weeks. Data from the Department of Energy confirm that the average gallon exceeded $4 in several states.
Background of similar measures in the US
This is not the first time that eliminating the gasoline tax has been considered. In 2022, in the face of post-pandemic inflation, Biden explored similar options, but Congress rejected them. Historically, temporary suspensions during hurricanes have reduced costs by 10-15%. Analysts from the Peterson Institute estimate that Trump’s proposal could save up to $20 billion annually in revenue, redirected to infrastructure.
Economic and geopolitical implications
Expert opinions on the proposal
Economists such as Mark Zandi of Moody’s warn that, although it alleviates pockets in the short term, it could exacerbate fiscal deficits. On the other hand, the American Automobile Association supports the initiative, highlighting its effect on the 70% of households that depend on vehicles. The conflict in Ormuz, initiated by Iranian attacks on ships, has strained supplies since the Persian Gulf.
- Oil price increase: +12% in a month.
- US production: Record 13 million barrels per day, insufficient in the face of blockades.
- Impact on Latin America: Dominican prices rise 5% in parallel.
The White House is evaluating logistical details, with possible implementation in 30 days if Congress approves. This move highlights the global energy vulnerability to tensions in the Middle East.
In the Dominican Republic, where the gasoline tax affects transportation and food, it is being closely monitored. Sources from the Ministry of Industry confirm monitoring for local adjustments. Trump’s proposal could influence regional dynamics, promoting debates on energy diversification.
