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The US president criticises an Iranian counteroffer to end the war, and says the month-long ceasefire is "unbelievably weak".
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Suspending the federal gas tax would require an act of Congress.
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Trump said Sunday that Iran's response to his latest proposal was "TOTALLY UNACCEPTABLE!" Ending the U.S. blockade before discussing Iran's nuclear program would eliminate a major point of leverage.
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A total of 17 US executives are set to join the president on his visit, where he will meet his Chinese counterpart Xi Jinping.
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Negotiations deadlocked and a ceasefire on a precipice
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Congress would have to agree to any suspension, and dropping federal taxes would not make up for the steep increase in prices since the war began.
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President Trump said on Monday that he would like to temporarily suspend the federal gas tax as prices soar due to the war in Iran.
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Cole Tomas Allen faces four counts in what prosecutors say was a plot to kill President Trump and other top officials at the White House Correspondents' Association dinner.
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Oil prices jumped on Monday after Israel warned that the conflict with Iran was still ongoing.
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