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Two US states suspended the gas tax. more could be added

2022-03-21T12:45:25.282Z


As gasoline prices rise in the US, some states temporarily suspended the tax on this product. Increase in the price of gasoline affects Latino businessmen in the US 3:17 New York (CNN) –– As inflation and Russia's war on Ukraine force people to pay more for gasoline at gas stations, some US states have temporarily suspended taxes on the product. And others could follow. Why does the price of gasoline skyrocket in the United States if it uses little Russian oil? Lawmakers in California,


Increase in the price of gasoline affects Latino businessmen in the US 3:17

New York (CNN) ––

As inflation and Russia's war on Ukraine force people to pay more for gasoline at gas stations, some US states have temporarily suspended taxes on the product.

And others could follow.

  • Why does the price of gasoline skyrocket in the United States if it uses little Russian oil?

Lawmakers in California, the state with the nation's highest gas tax at $0.51 a gallon, are proposing a $400 refund of this fee, after state Democrats earlier rejected a suspension of the gas tax. gasoline.

Lawmakers say the rebate will cover the cost of the current gas tax burden for a full year for most drivers.

Other state leaders, including Michigan Governor Gretchen Whitmer, have called for gas taxes, which stand at 6% in that state, to be suspended.

The 5 countries with the cheapest gasoline in America 0:53

The national average price of gasoline was $4.25 a gallon this Sunday.

Now, states have already enacted laws suspending the gasoline tax.

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Georgia

Last week, Georgia Governor Brian Kemp signed a bill that temporarily suspends the state gas tax through the end of May.

  • Why can't the record price of gasoline be solved by extracting more oil in the United States?

The law took effect last Friday and will remain in effect until May 31.

The state will suspend its approximately $0.29-cent-per-gallon tax on regular fuel and the $0.32-cent tax on diesel.

The average cost of gasoline in Georgia this Sunday was $4.14, according to AAA tracking.

Maryland first to suspend gas tax

Maryland approved a gas tax exemption for 30 days starting Friday and ending April 16.

The state was the first in the United States to approve an immediate suspension of this tariff.

  • Why is the price of gasoline in the US rising to record levels and why will it stay that way for a long time?

The measure to eliminate the 36-cent-per-gallon tax was signed by Gov. Larry Hogan, who advocated a longer suspension.

Gas prices in Maryland are down more than 40 cents this week, to an average of $3.86 on Sunday.

"This, of course, is not a panacea, and market instability will continue to cause price fluctuations," Hogan warned in a statement.

CaliforniaGasolineGeorgiaTaxMarylandgas price

Source: cnnespanol

All news articles on 2022-03-21

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