Map Shows Where a Gas Tax Holiday Could Save Drivers the Most
Summary
North Carolina has temporarily stopped its 41-cent-per-gallon gas tax to help lower gas prices before the November elections. This move allows drivers to save money on fuel, although gas stations may take a few days to reflect these changes in prices.Key Facts
- North Carolina’s gas tax is paused until November 30.
- The state will use its savings to make up for the lost tax money, costing about $350 million.
- Gas stations can delay lowering prices until current tax-paid fuel is sold.
- The savings can be up to $6.15 for a 15-gallon tank in North Carolina.
- California, Illinois, and Indiana have higher gas taxes, so they could offer bigger savings if they also suspended their gas taxes.
- The national average price for regular gas is about $4.37 per gallon.
- The policy aims to keep transportation funding stable despite the tax break.
- The change is part of a response to high fuel prices and comes before midterm elections.
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