New bill would cut PA's gas tax by 1/3 until the end of the year
A new bill would cut Pennsylvania’s liquid fuels tax and provide a little relief at the gas pump for drivers.
Senate President Pro Tempore Jake Corman (R-Bellefonte) introduced Senate Bill 10, or the Consumer Gas Prices Relief Act, Monday.
The bill would slash the state’s gas tax by one-third through the end of the year.
To make sure critical infrastructure projects aren’t delayed due to the cut, the lost revenue would be replaced by a mix of federal funds and a bond issue.
The gas tax cut, paired with a proposed federal gas tax holiday, could reduce gas taxes paid by consumers at the pump by almost 50 percent, Corman says.
“Higher gas prices are taking more money out of consumers’ wallets at a time when families can least afford another financial burden,” Corman said. “We cannot change the circumstances that led to skyrocketing gas prices – including the invasion of Ukraine and the anti-energy policies of President Biden and Governor Wolf – but we can alleviate some of the stress on Pennsylvanians every time they fill up their gas tank.”
As of Monday, the statewide average sat at $4.31 per gallon.
The drop in prices is still about 58 cents higher than where they were last month and a $1.31 higher than this time last year.
Nationally, gas prices per gallon fell 9 cents, with the average just over $4.20 per gallon.
It's still a 71-cent hike from last month and $1.37 increase from last year.
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