Connecticut is posed to become the latest state to approve a gas tax holiday Wednesday, as both houses of its legislature voted to suspend the 25-cents-per-gallon tax from April until June.
in mid-March with the national average hitting $4.33 per gallon of regular unleaded gas and more than $5.13 for diesel according to tracking by AAA. The national average gas prices have since come down slightly but still remain high. And some states continue to see average prices topping $5 a gallon.
States have their own gas taxes and fees. State gas tax and fees averaged 38.69 cents per gallon at the start of this year, according to theone driver gets 80 miles to the gallonAccording to Ulrik Boesen, director of excise tax policy at the Tax Foundation, suspending gas taxes would provide some relief, but it is not the most efficient tax relief.
Boesen warns there are a lot of opportunities for some other entities to take some of the savings before it gets to consumers at the pump, so the real relief depends on how states approach it. On March 23, lawmakers in the state House and Senate passed a bill with bipartisan support suspending the state's 25-cents-per-gallon motor vehicle tax for retail customers, which has the backing of Connecticut Governor Ted Lamont.
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