Relief at the pump? Here are the states suspending gas taxes
CBSN
Connecticut is posed to become the latest state to approve a gas tax holiday Wednesday, as both houses of its legislature voted to suspend the 25-cents-per-gallon tax from April until June. American consumers are facing the greatest pain at the pump seen in years amid uncertainty over Russia's invasion of Ukraine and the country coming out of a global pandemic. Now, state and federal officials are grappling with how to provide relief.
Gas prices reached a record high in mid-March with the national average hitting $4.33 per gallon of regular unleaded gas and more than $5.13 for diesel according to tracking by AAA. The national average gas prices have since come down slightly but still remain high. And some states continue to see average prices topping $5 a gallon.
Even before Russia invaded Ukraine, gas prices were on the rise as demand increased with pandemic related restrictions easing. But the invasion provided an additional shock as countries moved away from Russia – one of the largest producers of oil in the world.
