Map Shows Where a Gas Tax Holiday Could Save Drivers the Most
North Carolina's suspending its gas tax raises the question of how much motorists elsewhere could save if their states followed.
A bipartisan relief bill signed by Governor Josh Stein in North Carolina suspended the state's 41-cent-per-gallon motor-fuel tax on Saturday, aiming to lower pump prices. The legislation, set to expire at the end of November, allows retailers to keep the tax in the price of fuel that accrued before suspension. For a 15-gallon fill-up, the maximum theoretical reduction in fuel cost would be $6.15, according to a Newsweek analysis using AAA's October 10 statewide averages.
The states with the highest gasoline-tax burdens, such as California, Illinois, and Indiana, would see the greatest potential savings. North Carolina's average gasoline price, according to AAA, was $4.074 per gallon, which is lower than the national average of $4.3669. The relief bill is expected to cost approximately $360 million, with funds from an inflation reserve used to protect funding for road maintenance and construction.
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