September 12th, 2023 – 11:20 AM
Press Release –
Governor Brian P. Kemp today declared a state of emergency due to the 40-year-high inflation and negative economic conditions.
As part of this declaration, Georgia is 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 12:00 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.
According to an analysis from Moody’s Analytics from August, Americans are spending $709 more per month than 2 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.
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.
You can read Executive Order 09.12.23.01 here.