Finora, Connecticut, Florida, Georgia, Maryland and New York have temporarily suspended their gas taxes
, while Illinois and Kentucky blocked scheduled gas tax rate hikes
, according to the nonpartisan Tax Policy Center
. Other states have expressed interest in gas tax holidays or other measures to help residents pay for fuel
State gas tax holidays
In Maryland, 72% of the tax savings was passed on to consumers, according to Penn Wharton, which used two separate methods to calculate the benefit in each state it examined.
The state suspended its gas tax of 36.1 cents per gallon from March 18 ad aprile 16. Drivers saw a drop of about 12 cents the day after the holiday took effect, but the reduction grew to a little less than 30 cents for much of the period.
Georgia eliminated its 29.1 cents per gallon tax on gas from March 18 Poter 31. Consumers there received between 58% e 65% of the savings, depending on which method Penn Wharton used.
Peach State drivers saw prices decline more gradually, starting with 7 cents soon after the holiday began to about 30 cents in mid-May.
Fra 71% e 87% of the savings was passed on to consumers in Connecticut, Penn Wharton found. The state eliminated its gas tax of 25 cents per gallon from April 1 a giugno 30. Gas prices slid 11 cents the day after the holiday began. The decline grew to 23 cents on April 15 but then shrank slowly to about 14 cents in mid-May.
“Based on our study, we don’t find the entire tax decrease was passed on to consumers,” said Zheli He, a Penn Wharton economist who’s a co-author of the report. “The rest of it was captured by distributors.”
Federal gas tax holiday
Di mercoledì, Biden pushed Congress to suspend the roughly 18-cent federal gas tax, saying it would “give families just a little bit of relief.”
Experts have questioned how much gas tax holidays really help drivers.
Consumers would probably get only one-third of the benefit of a federal gas tax break
Jason Furman, an economics professor at Harvard University who was chair of the Council of Economic Advisers in the Obama administration
“Whatever you thought of the merits of a gas tax holiday in February it is a worse idea now
,” Furman tweeted
. “Refineries are even more constrained now so supply is nearly fully inelastic
. La maggior parte della 18.4 cent reduction would be pocketed by industry
— with maybe a few cents passed on to consumers.
Senior administration officials have acknowledged that criticism but said Biden would pressure companies to pass along the savings to drivers.
“The President is calling and demanding that the industry, the companies and the retailers, pass that on to the consumer at the pump,” Amos Hochstein, senior adviser for energy security at the State Department, ha detto alla CNN “Nuovo giorno” co-anchor John Berman on Wednesday.
“We would scrutinize it and we would call on the industry to do exactly that, to pass it on,” Egli ha detto.