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Florida Gas Prices Drop Sharply As Gas Tax Holiday Month Begins
October 3, 2022
Florida drivers began to see sharp drops in prices at the pump over the weekend. The state’s monthlong gas tax holiday started Saturday with a 25.3 cent tax break on each gallon of gasoline.
On Sunday, the state average was $3.26 per gallon. That’s the lowest daily average price since January.
The average price per gallon Sunday night in Escambia County was $3.06. In North Escambia, one Highway 29 station was at $2.83 on Saturday and Sunday, while others were just over $3. In Pensacola, a low of $2.73 could be found at several stations.
“This gas tax builds on the previous downward pressure on pump prices, stemming from global recession concerns and underwhelming fuel demand,” said Mark Jenkins spokesman, AAA – The Auto Club Group. “Prices are now beginning to dip below $3 a gallon at various gas stations in the state. While everyone might not be so lucky to see sub-$3 gasoline, all Floridians should expect a sizeable discount this week.”
NorthEscambia.com photo, click to enlarge.
Comments
9 Responses to “Florida Gas Prices Drop Sharply As Gas Tax Holiday Month Begins”
WELL…..still haven’t seen that much of a “price drop” since Oct.1. Just yesterday….Murphy was $2.99 in some locations. TODAY it’s up to $3.15. SOOOO where’s the price drop locations? It certainly hasn’t dropped 25 cents per gallon anywhere that I’ve seen!!!
@SW
“Thanks, Brandon”
Actually, you’re right to thank the president as Florida will use $200 million in federal COVID-19 relief money to pay for this gas tax holiday to drivers in Florida.
So, thanks federal government!
Finally some actual relief albeit temporary from the government. Thank you governor Desantis!
Someone needs to tell some stations about the .25 decrease. Is it considered price gouging if stations don”t lower the price of their gas?
Thanks, Brandon
Gas taxes at state level are supposed to be fixing roads, bridges etc. Yes, it is the oil companies.
@SW
The gas tax, like other excise taxes, are paid only by people who actually buy the product, in this case gas. If you don’t drive then you don’t need to buy gas for your car, and thus, you don’t have to pay the gas tax.
But these excise taxes, federal, state, and local are what covers the cost of building and maintaining roads, bridges, and tunnels. The tax also helps fund other projects such as public transportation, education, the environment, and economic development. And, yes, the Florida legislators sometimes take money from the gas tax pot and transfer it to other pots.
It’s interesting to note that a few of the local stations did not drop their prices – so they’re pocketing an extra 25 cents/gallon.
While I’m glad to see it, the tax on fuels is ridiculous.
25.3 cents…per gallon-and that’s just the state tax. That’s higher than regular state sales tax (6%).
The Feds get 18.3 cents, by the way.
It ain’t just ‘the oil companies’ as some would have us believe.