U.S. gas prices rise 15% if Trump's 10-cent gas tax passes

Market overview

If Congress approves Trump's proposed 10-cent federal gas tax to counter Iran's oil export ban, retail gas prices will increase by at least 15% within 90 days of enactment. The tax directly raises fuel costs, and Iran's export ban already tightens global supply.

price prediction market

Implied probability (Yes)

72%

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