Gas prices continue to climb as inflation continues to push prices up. Florida Governor Ron DeSantis will act to suspend the state’s gas tax. DeSantis announced on Monday along with the state legislature to provide $1 billion in relief to drivers.
DeSantis made the announcement at a Buc-ee’s in Daytona Beach. During his speech, he noted how the price of a Thanksgiving dinner rose 20% this year. He also called out the “inflammatory prices out of Washington.”
According to the American Automobile Association, the average price of a gallon of gas in Florida jumped 10 cents last week to $3.36 per gallon. This is the highest price Floridians have paid since September 2014. DeSantis said the price of gas is $1.31 more than this time last year.
DeSantis noted that this was a massive burden on working-class families, especially blue-collar workers and people on a fixed income. The government could alleviate the problem by suspending the gas tax.
During his speech, DeSantis announced:
“The average family over a five or six month period, you know, could save up to $200. There’s a whole bunch of things that go into the price of gas. There are different taxes, federal, state, local level, we’re taking over 25 cents from Florida and we will basically zero that out for as long as we can and do over a billion dollars. That’s going to make a huge, huge deal.”
He spoke with business leaders across the state to ensure if this passes, it will lower the prices at the pump. Gas stations Racetrack, Daily’s, and Gate have committed to lower prices.
DeSantis commented, “I think the reason is it makes financial sense for them because they make a lot of money when people come into their store and buy things.” He also added that suspending the tax will not harm infrastructure spending because of the state’s budget surpluses.
AAA reported that gas prices should decline through the Thanksgiving holiday after falling 6% last week. AAA reports, “The good news is gas prices should gradually decline through the holiday. Crude oil and gasoline futures dropped last week, and that should restore some downward pressure on prices at the pump.”
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