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These States Have The Highest—And Lowest—Gas Taxes, As Biden Pushes Tax Holiday

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Breaking Business These States Have The Highest—And Lowest—Gas Taxes, As Biden Pushes Tax Holiday Derek Saul Forbes Staff New! Follow this author to improve your content experience. Got it! Jun 22, 2022, 11:08am EDT | Updated Jun 22, 2022, 11:25am EDT Share to Facebook Share to Twitter Share to Linkedin Topline President Joe Biden urged states to suspend their gas taxes Wednesday—while also calling for a federal gas tax holiday —as a way to provide some relief as gas prices hover at record levels nationally, though gas taxes vary widely state by state, with Pennsylvania the highest and Alaska the lowest. A customer fills their car with gas in Pennsylvania, home of the highest state gas taxes in the .

. . [+] country.

ASSOCIATED PRESS Key Facts Pennsylvania has the highest state gas taxes in the nation at 57. 6 cents per gallon, according to data from IGEN tax software company. The other states with the highest tax rates are California (51.

1 cents), Washington (49. 4), New Jersey (42. 1) and Illinois (39.

2). Alaska has by far the lowest tax rate at 8. 95 cents per gallon, followed by Hawaii (16), New Mexico (17), Mississippi (18) and Arizona (18).

Biden’s call comes after several states have already suspended their gas taxes this year: Maryland ’s gas tax holiday lasted from March 18 to April 16, while Connecticut suspended its gas taxes from April 1 to June 30, New York from June 1 to the end of the year and Georgia from March 18 to July 14. Florida said it would have a gas tax holiday for the month of October, and several more states have proposed holidays. Key Background Biden proposed for Congress to enact a three-month federal gas tax holiday on Wednesday, which would suspend the 18-cent per gallon federal gas tax.

The national average price for a gallon of gas is $4. 955 Tuesday, according to American Automobile Association data. Gas is most expensive in California at $6.

37 per gallon, according to AAA, followed by Nevada at $5. 63, Alaska at $5. 61, Hawaii at $5.

56 and Washington at $5. 52. Research released last week by the University of Pennsylvania’s Wharton Budget Model found recent state gas tax holidays were indeed effective in lower consumer prices, and 72% of savings from the suspended gas taxes were passed to consumers in Maryland compared to 71-87% in Connecticut and 58-65% in Georgia.

List (state Gas Taxes, Highest To Lowest) Pennsylvania (57. 6 cents per gallon) California (51. 1 cents per gallon) Washington (49.

4 cents per gallon) New Jersey (42. 1 cents per gallon) Illinois (39. 2 cents gallon) North Carolina (38.

5 per gallon) Ohio (38. 5 cents per gallon) Oregon (38 cents per gallon) Maryland (36. 1 cents per gallon) West Virginia (35.

7 cents per gallon) Rhode Island (34 cents per gallon) Montana (32. 5 cents per gallon) Idaho (32/ cents per gallon) Indiana (32 cents per gallon) Utah (31. 9 cents per gallon) Vermont (31.

6 cents per gallon) Wisconsin (30. 9 cents per gallon) Iowa (30. 5 cents per gallon) Maine (30 cents per gallon) Georgia (29.

1 cents per gallon) Minnesota (28. 5 cents per gallon) Alabama (28 cents per gallon) South Dakota (28 cents per gallon) Michigan (27. 2 cents per gallon) Virginia (26.

2 cents per gallon) South Carolina (26 cents per gallon) Tennessee (26 cents per gallon) New York (25. 35 cents per gallon) Connecticut (25 cents per gallon) Nebraska (24. 8 cents per gallon) Kentucky (24.

6 cents per gallon) Arkansas (24. 5 cents per gallon) Kansas (24 cents per gallon) Massachusetts (24 cents per gallon) Wyoming (24 cents per gallon) North Dakota (23 cents per gallon) Delaware (23 cents per gallon) Nevada (23 cents per gallon) New Hampshire (22. 2 cents per gallon) Colorado (22 cents per gallon) Louisiana (20 cents per gallon) Texas (20 cents per gallon) Missouri (19.

5 cents per gallon) Florida (19 cents per gallon) Oklahoma (19 cents per gallon) Arizona (18 cents per gallon) Mississippi (18 cents per gallon) New Mexico (17 cents per gallon) Hawaii (16 cents per gallon) Alaska (8. 95 cents per gallon) Further Reading Gas-Tax Holidays Often Do Little to Ease Political Pressure ( Wall Street Journal ) What Is A Federal Gas Tax Holiday? Here’s How It Could Impact Prices At The Pump ( Forbes ) Why A Gas Tax Holiday Probably Won’t Work ( Forbes ) Follow me on Twitter . Send me a secure tip .

Derek Saul Editorial Standards Print Reprints & Permissions.


From: forbes
URL: https://www.forbes.com/sites/dereksaul/2022/06/22/these-states-have-the-highest-and-lowest-gas-taxes-as-biden-pushes-tax-holiday/

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