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Gas Tax Holiday

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politics17 days ago

Governors shrug off gas tax holidays as prices rise in energy shock

Amid rising pump prices driven by the Iran war and a tighter global energy market, governors from both parties are largely avoiding gas tax holidays, noting that past attempts in 2022 provided little relief and that state budgets are stretched. Economists say suspending gas taxes would likely deliver minimal savings and could strain transportation funding, making federal action the more plausible lever, even as political calculations differ by state.

Gas tax holidays unlikely as states juggle budgets and volatile prices
economy25 days ago

Gas tax holidays unlikely as states juggle budgets and volatile prices

As gas prices spike amid Middle East tensions, states are reluctant to repeat gas-tax holidays seen in 2022. Only Connecticut has pitched a short-term, one-month suspension; New York and Georgia have given lukewarm responses. Savings from such holidays typically don’t reach drivers in full, and budget shortfalls plus ongoing supply constraints—exacerbated by the Strait of Hormuz disruption—make broad relief unlikely this year.