Gas Tax Holiday: How Much Can Drivers In US States Save?

The pandemic caused by COVID-19 has ended, and with it comes a return to normalcy across the world. However, the price of gasoline has skyrocketed.

To combat the rapidly rising prices, several states have implemented a Gas Tax Holiday, which temporarily suspends state-imposed taxes on gas prices.

The conclusion of the study was that "however, these price reductions were frequently not maintained throughout the entirety of the holiday."

Maryland: Maryland was the first state to suspend its gas tax, saving consumers 36 cents per gallon on gasoline and 37 cents on diesel.

States With A Gas Tax Holiday

Georgia: Georgia's suspension went into effect on May 31, saving consumers 29.1 cents per gallon on gasoline and 32.6 cents per gallon on diesel.

Connecticut:  Since Governor Ned Lamont announced a Gas Tax Holiday in March, Connecticut residents have saved between 71 and 87 percent.

New York: The state of New York suspended the state's 8 cent fuel tax and an 8 cent sales tax between June 1 and December 31, saving consumers 16 cents per gallon.

Florida:  Governor Ron DeSantis announced recently a Gas Tax Holiday, in which the state will reduce gas prices by 25.3 cents per gallon beginning October 1, 2022.

California: While efforts to repeal the 51-cent gas tax were unsuccessful, a portion of the state's diesel tax was repealed, saving consumers 23 cents per gallon.