Georgia extends gas tax holidays again
On October 3, Gov. Brian Kemp signed an executive order to halt the fuel tax.
The order will be in effect until the gubernatorial elections, which will be held on November 8. Kemp will run for another term against Democrat Stacey Abrams.
The suspension of the tax holiday is due to the fact that gas prices are starting to rise again. The suspension costs the state more than $150 million a month in tax revenue.
The current average price for a gallon of regular gasoline in Georgia was $3.17 on Monday.
That’s down about 17 cents in a month, but about 5 cents more than a week ago. A gallon of diesel fuel costs $4.57 per gallon on average, down 17 cents from last month.
While the national average fuel cost is now $3.80, Georgia is one of eight states with average fuel prices below $3.25 per gallon. Under state law, the governor can withhold taxation until state legislators ratify the action at their next meeting.
The oil price has skyrocketed around the world since Russian President Vladimir Putin began amassing troops on the border with Ukraine and then invaded the country.
