New York and others are acting, but Congress has yet to pass any legislation aimed at soaring prices The Washington Post By Tony Romm June 1, 2022
New York on Wednesday became the latest state to suspend its gas tax entering the travel-heavy summer months, as local and federal leaders scrambled anew to address record-high fuel prices across the country. The announcement came as the average cost of unleaded gasoline nationwide exceeded $4.67 per gallon, according to AAA, which has warned about further spikes while global markets remain rattled by Russia’s invasion of Ukraine — and the sanctions applied in response. In New York, the decision halted the state’s roughly 16-cent-per-gallon levy through the end of the year, a move that Gov. Kathy Hochul (D) estimated would provide “$609 million in direct relief” to residents. The state’s gas tax holiday complements temporary caps that local counties recently placed on the sales taxes charged on gas and diesel purchases.
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