Gas tax holidays unlikely as states juggle budgets and volatile prices
TL;DR Summary
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.
Topics:business#connecticut#economy#gas-prices#gas-tax-holiday#penn-wharton-budget-model#state-budget
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