Maryland suspends gas tax

This gas tax holiday returns $100 million to Marylanders’ wallets and should provide economic relief for motorists who have seen prices soar in recent weeks.

Maryland Comptroller, Peter Franchot, on the state’s decision to suspend the gas tax for the next 30 days.

• Maryland’s Gov. Larry Hogan signed the gas tax suspension into law on Friday. It will remain in effect for 30 days.
• The state has a gas tax of about 36 cents per gallon for both regular and diesel. This means that filling a 12-gallon tank could be around $4.32 less expensive for the next month.
• Something to consider: Maryland’s comptroller office reminded the public that “legislation does not mandate that retailers reduce their prices by 36 cents,” but they are “working with industry leaders and the state’s roughly 2,300 gas stations to encourage them to lower their prices so motorists realize the savings in full, as intended.”

Why It Matters: Both Maryland and Georgia have passed recent legislation suspending the gas tax for drivers. Other states are taking steps to help motorists as well: Michigan is also considering a gas tax suspension, and California is considering a gas rebate program.

Maryland’s Gas Tax Now Suspended for 30 Days (NBC Washington)

Maryland, Georgia move to temporarily suspend gas tax amid nationwide high prices (ABC News)