Governor Brian Kemp (R-GA) recently declared a state of emergency amidst global market volatility and suspended the state's excise gas tax for a period of 30 days. The suspension took effect at 12:01 a.m. on September 29 and runs through October 29.
What else did Gov. Brian Kemp suspend? The governor's executive order declaring the state of emergency also suspends state weight limits on commercial vehicles, further reducing the cost factored into everyday goods like those bought in grocery stores.
What was the excise tax rate, and what is the average price of motor fuel in Georgia? Before the suspension took effect, Georgia's excise gas tax was 33.3 cents per gallon and 37.3 cents per gallon for diesel.
The current average price for a gallon of regular gas in Georgia is $4.19, and $6.24 for a gallon of diesel.
What key figures had to say:
- Gov. Brian Kemp: “Over the past several years, with the help of our partners in the General Assembly, we've been able to give billions of dollars in relief to hardworking Georgians. We've remained committed to helping them and our small businesses fight through the tough times, and that's why I'm taking this action today to give further relief.”
- Lieutenant Governor Burt Jones (R-GA): "Over the past four years, we prioritized hardworking Georgians by putting more money back into their pockets and ensuring Georgia's financial stability. Today's announcement furthers the commitment I share with Governor Kemp and Speaker Burns to put Georgians first and bring relief at the gas pump."
- Speaker of the House Jon Burns (R-159th): "Families, businesses, and farmers across our state are feeling the pressure of skyrocketing costs at the pump. That's why the House is proud to stand alongside Governor Kemp to take action and deliver direct relief to hardworking families and job creators when and where they need it most."
Further Context: The suspension of Georgia’s gas tax comes as a response to the Iran War and constraints placed on the global fuel market. For context, the Strait of Hormuz is currently closed, and Iran’s proxy forces are preventing oil from leaving the region.
