Gas Taxes Set to Return in Georgia
September 29, 2005
According to yesterday’s Atlanta Business Chronicle, this month’s temporary repeal of Georgia’s state gasoline tax is soon set to expire.
“Beginning Oct. 1, distributors will collect about 15 cents more for each gallon of gas they deliver into a retailer’s pumping tanks. Gov. Sonny Perdue temporarily suspended the collection of the state’s motor fuel taxes on Sept. 2 “to relieve some of the financial burden placed on Georgians by the disruptions of our fuel supply resulting from the effects of Hurricane Katrina.” His action was ratified by the Georgia General Assembly on Sept. 10. [Full Story]
Recent Tax Foundation research noted that, “today, the combined burden of federal, state and local gas taxes costs American drivers an average of 45.9 cents on every gallon purchased. According to data on gasoline use from the U.S. Department of Transportation, that amounts to an annual gas tax burden of roughly $271 for every man, woman and child in the United States.” While the short term change in price is determined by the forces of supply and demand, Americans need to remember the significant burden that gas taxes place on the long term cost of gasoline.
You can read the Tax Foundation’s new Fiscal Fact on gas taxes here.