As Maryland wraps up its gas tax holiday, prospects for one in Virginia remain uncertain.
Hogan’s tax break lasted for 30 days, dropped prices by 30 cents or more per gallon, and was expected to cost the state an estimated $100 million. Youngkin wants to suspend the Virginia gasoline tax entirely for three months and reduce it for another two, for a total estimated cost of $437 million.
Virginia Democrats say that suspending the state tax of 27 cents per gallon would primarily benefit companies that sell gas, who would not necessarily pass savings on to consumers — a point Youngkin conceded in an interview. They also note that as much as 30 percent of the gas sold in Virginia is purchased by motorists who live elsewhere.
Prices continued to fall over the next several days and gas became roughly 30 to 40 cents cheaper in Maryland than in D.C. and Northern Virginia for the duration of the holiday, which ended Sunday. “We were ready, and thank God it went really, really well,” Franchot spokesperson Susan O’Brien said.
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