Gov. Brian Kemp’s office announced that he will not renew the gasoline tax suspension when it expires tonight, June 2, at 11:59 p.m.
Kemp suspended the tax in March as gas prices climbed due to the ongoing war in Iran. He signed an extension in May, which is now set to end.
Gas prices are expected to rise by around 33 cents per gallon for regular and 37 cents per gallon for diesel. According to AAA, the average gas price in Georgia on June 2 is $3.80 with the tax suspension in place, so motorists are likely to see gas over $4 per gallon when they fill up on Wednesday.
“After renewing the suspension of the state gas tax to help hardworking Georgians get through the Memorial Day weekend with further relief, and with oil prices now holding relatively steady, the gas tax suspension will expire at 11:59 p.m. tomorrow while the state also keeps a financial eye toward any unexpected needs in the future,” a Kemp spokesperson wrote in a statement to WSB-TV.
An income tax cut bill that Kemp signed into law last month has caused a $1.3 billion revenue shortfall for next year’s budget, which takes effect in July.
