Gov. Brian Kemp has extended the suspension of Georgia’s gasoline taxes, a suspension that now will last to August 13. The gas tax suspension applies to motor vehicle and locomotive fuel. The suspension was announced on Friday.
The gas tax suspension has worked to keep Georgia’s gas prices some of the lowest in the country even as gas prices reached record heights, largely due to Vladimir Putin’s invasion of Ukraine.
According to a release from the Governor’s office, the average price of regular unleaded in Georgia is 50 cents below the national average. According to data from AAA’s Gas Price tracker, the average cost of regular unleaded was $4.350 per gallon on Friday, down from $4.363 on Thursday and $4.427 last Friday.
The national average for regular unleaded was $4.842 on Friday, down from $4.857 on Thursday and $4.926 last Friday.
According to a release from AAA, the lowered prices are due to reduced demand for gasoline, as well as a drop in the price of West Texas Intermediate, the U.S. indicator of crude oil prices.
As of 1 p.m. Friday, the price of crude was $108.16 a barrel, down from over $120 a barrel at the start of June.
“In March, I took decisive action to help those impacted by high prices at the pump. Unfortunately, President Biden and Democratic leaders have not done their part to tackle this issue, instead calling on Americans facing record-high inflation to live more frugally,” Kemp said in a release. "To provide actual relief to Georgians, I am once again extending the supply chain state of emergency and suspending our state motor fuel tax. In addition to these actions, I am suspending the locomotive fuel tax to help fight rising costs that are being passed on to consumers.”
“Thanks to Governor Kemp’s leadership and the proactive efforts of our General Assembly, Georgians enjoy some of the lowest fuel prices in the nation, benefitting both families and businesses,” said David Ralston, speaker of the Georgia House of Representatives, in a release. “We will continue to work together to serve those who call Georgia home.”