Governor suspends gas taxes in Georgia again until mid-October
Georgia governor extends state fuel tax suspension through Oct. 12.
Governor Brian Kemp on Thursday signed an executive order extending the suspension for the fourth time.
Kemp previously signed legislation in March that passed with broad bipartisan support suspending the state’s gasoline tax until May 31. Kemp signed earlier extensions in May and July.
The order also suspends the state sales tax on locomotive fuel.
Under state law, Kemp can suspend taxes as long as state lawmakers ratify the action at their next meeting.
Gasoline prices in Georgia normally include 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 levy taxes. Federal diesel fuel taxes are 24.4 cents per gallon, while the Georgia diesel tax is 32.6 cents per gallon.
The Kemp extension comes as gas prices continue to fall from summer highs. According to the AAA motoring group, the average price of a gallon of regular gas in Georgia was $3.37 on Thursday. That’s down about 40 cents in a month. While the national average is now $3.83, Georgia is one of 10 states, mostly in the South, with average gasoline prices below $3.50 a gallon.
Gas prices in Georgia remain 39 cents per gallon above where they were a year ago.
A gallon of diesel fuel costs an average of $4.75 a gallon, down 25 cents from last month.
The suspension costs the state more than $150 million a month in tax revenue. Kemp pays back the money for road construction using billions from state surpluses.
Kemp has blamed President Joe Biden for inflation and high gas prices as he runs for re-election and seeks to tie Democratic opponent Stacey Abrams to the unpopular president. Abrams asked Kemp to commit to suspending the gas tax until the end of the year.
The price of oil has risen dramatically around the world since Russian President Vladimir Putin began mustering troops on the Ukrainian border and then invaded the Eastern European country.