Georgia Gas Prices Rising After State Fuel Tax Reinstatement

Georgia suspended its gas tax to reduce the cost of gasoline. According to AAA spokeswoman Montrae Waiters, “for the past 10 months Georgians were paying under $3.00 a gallon for gas due to suspension of the state’s gas tax.”

Then Georgia reinstated the gas tax. Prices began to rise and continue to rise. As reported, “Gas prices continue to rise across the U.S. and in Georgia about one week after the state’s gas tax was reinstated.” For perspective, “Georgia’s average price per gallon of $3.06 is still 24 less than the national average, but its 24 cents more than last month. Gas costs 5 cents less than January 2022.”

Bordering on belaboring the obvious, now that gas prices are rising across the U.S., the reinstatement of Georgia’s gas tax have led to an increase in “pump prices.” The article elaborates the inability to predict the future. “Unfortunately, we can’t predict how high gas prices will rise, however we are 24 cents less than the national average which sits at $3.30.”

Price details have been provided. “Brunswick, Savannah and Valdosta are three of the most expensive markets for gas, with prices averaging about $3.14 per gallon. The average in Atlanta is $3.05.” Additional data shows that “the cheapest markets for gas are in Catoosa, Dade or Walker counties, Warner Robins and Rome.” Prices hit a 15-month low in December before the holidays and the reinstatement of the gas tax.

Gov. Kemp had broad bipartisan support in March when he signed a law suspending the fuel tax through May 31 amid soaring prices at gas pumps and grocery stores. He ordered multiple extensions of the tax break. Kemp suggested during a state Capitol news conference that he won’t extend it further. As reported, after 10 months of tax relief at the gas pump, Kemp said, “we’re going to transition away from that temporary program.” Kemp added: “We can’t continue to pay what we’re doing on the gas tax suspension.”

The pump price is built upon layers of taxes. As reported, “Georgia’s gasoline price normally includes a federal tax of 18.4 cents per gallon and a state tax of 29.1 cents per gallon. A number of counties and the city of Atlanta also charge taxes. Federal taxes on diesel fuel are 24.4 cents per gallon, while Georgia’s tax on diesel is 32.6 cents per gallon.”

Kemp said his focus will turn to seeking legislative approval of another round of income tax rebates and a property tax break — a pair of campaign promises expected to cost another $1 billion apiece.

D & B Staff

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