Governor Brian P. Kemp has declared a state of emergency and as part of this declaration, he is temporarily suspending the state’s excise tax on motor and locomotive fuel to provide direct relief to families throughout the state. The executive order will go into effect on Wednesday, September 13 at 12 a.m. and will remain in effect until 11:59 p.m. on October 12, 2023. Consumers should expect the suspension to begin impacting prices after several days.
"From runaway federal spending to policies that hamstring domestic energy production, all Bidenomics has done is take more money out of the pockets of the middle class,” Gov. Kemp said. “While high prices continue to hit family budgets, hardworking Georgians deserve real relief and that's why I signed an executive order today to deliver it directly to them at the pump. Working with partners in the General Assembly, we'll continue to help Georgians weather the economic headwinds caused by this president, his administration, and their allies in Congress."
According to an analysis from Moody's Analytics from August, Americans are spending $709 more per month than two years ago and $202 more per month than last year. Suspension of the excise tax will save Georgians 31.2 cents per gallon of gasoline and 35 cents per gallon of diesel fuel. When the gas tax was suspended from March through December of last year, 2022, Georgians saved roughly $1.7 billion at the pump.
"I applaud Governor Kemp’s suspension of motor fuel taxes to keep our people and our economy moving despite Washington’s inaction on rising fuel prices,” said Speaker Jon Burns. “Georgia’s success story is no accident – it is the result of conservative policies enacted to keep Georgia the nation’s best state for business.”
According to AAA, the average cost of a gallon of regular gas in Georgia is currently $3.57, up from $3.24 a year ago.