{"id":72810,"date":"2024-11-11T13:16:25","date_gmt":"2024-11-11T17:16:25","guid":{"rendered":"http:\/\/tuttopavimenti.com\/?p=72810"},"modified":"2024-11-11T13:16:25","modified_gmt":"2024-11-11T17:16:25","slug":"how-much-do-gas-tax-holidays-really-save-drivers-anyway-2","status":"publish","type":"post","link":"https:\/\/tuttopavimenti.com\/es\/how-much-do-gas-tax-holidays-really-save-drivers-anyway-2\/","title":{"rendered":"How Much Do Gas Tax Holidays Really Save Drivers, Anyway?"},"content":{"rendered":"
After record highs in June, gas prices are <\/span>. A half-dozen states tried to ease the pain at the pump by temporarily suspending their regular tax on gasoline. Most of those gas tax “holidays” have already come and gone, but a few are still in effect. (New York’s runs until Dec. 31.)Critics argued that any savings would be eaten up by oil producers and gas stations. But a\u00a0 found that in Maryland, Georgia and Connecticut — which all instituted early gas tax holidays — consumers reaped the benefits.\u00a0 <\/p>\n
The researchers prefaced their findings by saying “price reductions were often not sustained during the entire holiday.” <\/p>\n
Nearly three-quarters (72%) of Americans support suspending their state fuel tax, according to a Politico\/Morning Consult\u00a0\u00a0from March. <\/p>\n
Which states have put the brakes on gas taxes? Which gas tax holidays are still in effect? And how much are they really saving drivers? Here’s everything you need to know. <\/p>\n
Which states suspended their gas tax? <\/h2>\n
Proposals to limit fuel taxes, which fund interstate highway repair and mass transit projects, have been introduced in more than 20 states. So far only six have pulled the lever. Several of these efforts have come and gone, allowing economists to determine whether they produced real savings for consumers. <\/p>\n
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Maryland <\/h2>\n
Maryland became the first state to pause its gas tax, suspending the 36-cent-a-gallon tax on retail gasoline and the 37-cent tax on diesel from March 18 to April 18. \u00a0 <\/p>\n
“This is, of course, not a cure-all, and market instability will continue to lead to fluctuations in prices,” said\u00a0.<\/p>\n
\u00a0found that the March gas tax break had mixed results. Though prices declined 5% while the tax was suspended, after it expired, “gasoline prices in Maryland became higher than what they would have been if the gasoline tax holiday never occurred.”<\/p>\n
But the net result , researchers said, with 72% of tax savings being passed onto consumers.<\/p>\n
“The suspension of the state gasoline tax in Maryland reduced prices faced by consumers by 26 cents [a gallon] on average over the course of the gasoline tax holiday,” the study said. <\/p>\n
On July 1, Maryland’s gas tax, which is tied to inflation, automatically rose 7 cents, to 43 cents per gallon. Comptroller Peter Franchot has called for a special session of the General Assembly to pass another three-month gas tax holiday. If it did, a two-car household fueling up on 15 gallons a week could see a savings of more than $150 over the 90-day pause, Baltimore station FOX 45 . <\/p>\n