President Trump said he could consider suspending the federal gas tax as the conflict in the Middle East continues. Barron's reporter Jacob Sonenshine joins CBS News with more.
Breakdown
- President considered suspending federal gas tax, urges states to act first 19s
- Expert says suspending gas tax would have minimal economic impact 34s
- Gas prices have risen by double digits since Iran war began 39s
- Diesel price increases have greater negative impact than gas 1m 29s
- Energy costs are less than 10% of the Consumer Price Index 2m 12s