BALTIMORE (WJZ) — Maryland drivers are running out of time to take advantage of reduced prices at the pump.
The state’s 30-day gas tax holiday, introduced last month in response to soaring gas prices, expires at 11:59 p.m. Saturday. That means drivers should expect to spend about 36 cents more per gallon starting Sunday.
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As the clock ticks down, Comptroller Peter Franchot suggests the Marylanders fill up their gas tanks soon to avoid a last-minute rush.
In a statement, Franchot lamented that lawmakers had decided against passing a measure that would have extended the gas tax holiday by 60 more days.
“A 90-day state gas tax exemption would have provided more significant savings for hard-working Marylanders trying to make ends meet with rising daily costs due to inflation,” Franchot said.
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Citing the state’s multi-billion-dollar budget surplus, Franchot said Maryland is well-positioned to meet the cost of extending the furlough, which has saved Marylanders an estimated $100 million.
From Friday, the average price for a gallon of regular gasoline was $3,678, while the mid-range was $4,168 and the premium was $4,431 according to AAA. Diesel, on the other hand, cost $4,591 per gallon. The national average was $4,073 for a gallon regular.
The General Assembly passed the emergency fuel tax suspension in mid-March as gas prices crawled above $4 a gallon during the Russian invasion of Ukraine. Despite calls for an extension, lawmakers failed to pass a proposal to continue the furlough.
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“It’s great that we were the first state to introduce a gas tax exemption, but it’s troubling that we’re also the first state to phase it out when we have such a large surplus that could easily have an extended holiday able to cope with,” said Franchot.
https://baltimore.cbslocal.com/2022/04/15/maryland-gas-tax-holiday-expiring-soon/ Marylanders, fill up your tanks. Gas prices will rise soon. – CBS Baltimore