• About
  • Privacy Policy
  • Terms
  • Contact
Friday, January 27, 2023
Financial Eye News
  • Home
  • Markets
    • Stock Market News
    • Commodities
    • Forex
    • Renewables
  • Cryptocurrency
    • Ultimate Guide to Crypto
  • Business
    • News
    • Companies
    • Technology
    • Climate
    • Politics
  • Reports
    • Ultimate Guide to Crypto
  • VideosNew
No Result
View All Result
  • Home
  • Markets
    • Stock Market News
    • Commodities
    • Forex
    • Renewables
  • Cryptocurrency
    • Ultimate Guide to Crypto
  • Business
    • News
    • Companies
    • Technology
    • Climate
    • Politics
  • Reports
    • Ultimate Guide to Crypto
  • VideosNew
No Result
View All Result
Financial Eye News
No Result
View All Result

These two states passed gas tax suspensions. More may follow

March 20, 2022
in News
Reading Time: 2 mins read
50 1
ADVERTISEMENT
Lawmakers in California, which has the highest gas tax in the country at 51-cents-per-gallon, are proposing a $400 gas tax rebate, after state Democrats previously shot down a gas tax pause. Lawmakers say the rebate will cover the cost of the current gas tax for a full year for most drivers.
Other state leaders, including Gov. Gretchen Whitmer, have called for suspending gas taxes, which stands at 6% in Michigan.

The national average gas price was $4.25 per gallon on Sunday.

Two states have already enacted laws suspending the gas tax.

Georgia

Last week Georgia Gov. Brian Kemp signed a bill temporarily halting the state’s gas tax through the end of May.

The law went into effect Friday and will stay on the books until May 31.

The state is suspending its roughly $0.29 cent tax per gallon on regular fuel and $0.32 cent tax on diesel. Georgia’s average gas price on Sunday was $4.14, according to AAA.

Maryland

Maryland passed a gas tax holiday for 30 days starting Friday, ending April 16. The state was the first in the country to pass an immediate suspension of the tax.

The move to lift the 36-cent-per-gallon tax was signed by Gov. Larry Hogan who had advocated for a longer suspension. Maryland gas prices decreased more than 40 cents this week, to an average of $3.86 on Sunday.

“This is, of course, not a cure-all, and market instability will continue to lead to fluctuations in prices, ” Hogan said in a release.



Source: CNN

ADVERTISEMENT
Tags: businessThese two states passed gas tax suspensions. More may follow - CNN
Share6Tweet4Share1SendShareSend

Related Posts

News

Felipe Valls, 89, Whose Cuban Restaurant Became a Political Hub, Dies

December 5, 2022
News

Hertz settles lawsuits over hundreds of alleged false arrests | CNN Business

December 5, 2022
News

Russian Cruise Missiles Were Made Just Months Ago Despite Sanctions

December 5, 2022
News

Sunak dilutes housebuilding pledge in face of Tory revolt

December 5, 2022
News

US rail industry: ESG investors on track with better worker deal

December 5, 2022
News

Arizona Certifies Midterm Results After G.O.P. Resistance

December 5, 2022

Popular Stories

  • AIG to launch cut-price IPO of life and asset management unit

    48 shares
    Share 19 Tweet 12
  • EY boss targets $10bn boost from Silicon Valley tie-ups after break-up

    32 shares
    Share 13 Tweet 8
  • Tesla delays plan to restore Shanghai output to pre-lockdown levels -memo

    32 shares
    Share 13 Tweet 8
  • TV production giant Banijay to go public via Arnault-backed Spac

    30 shares
    Share 12 Tweet 8
  • Nio to Invest $32.8M Building R&D Labs in Shanghai By Financial Eye

    30 shares
    Share 12 Tweet 8
ADVERTISEMENT

Latest News

Taylor Swift Fans Sue Ticketmaster’s Parent Company

December 5, 2022

Fisker trades down following price cut at Citi By Financial Eye

December 5, 2022

UAW president faces run-off election as reformers make gains

December 5, 2022

Felipe Valls, 89, Whose Cuban Restaurant Became a Political Hub, Dies

December 5, 2022

Longroad buys 98-MW solar farm in California

December 5, 2022
Facebook Twitter LinkedIn

Financial Eye is one of the most trusted news sources for Financial News, global news and local USA news, we provide the news from the most trusted sources.

LEARN MORE »

Recent News

  • Taylor Swift Fans Sue Ticketmaster’s Parent Company
  • Fisker trades down following price cut at Citi By Financial Eye
  • UAW president faces run-off election as reformers make gains

Sections

  • Business
  • Climate
  • Commodities
  • Companies
  • Cryptocurrency
  • Cryptocurrency
  • Forex
  • Green Energy
  • Latest Financial News
  • News
  • Politics
  • Stock Market News
  • Technology
  • Videos

© 2022 Financial Eye News Media

No Result
View All Result
  • Home
  • Markets
    • Stock Market News
    • Commodities
    • Forex
    • Renewables
  • Cryptocurrency
    • Ultimate Guide to Crypto
  • Business
    • News
    • Companies
    • Technology
    • Climate
    • Politics
  • Reports
    • Ultimate Guide to Crypto
  • Videos

© 2022 Financial Eye News Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Subscribe To Our Daily News Round-Up.

The top ten most-read stories direct to your inbox

You have Successfully Subscribed!

You have Successfully Subscribed!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.