Maryland Gov. Larry Hogan calls to suspend state gas tax amid rising prices at the pump
“At this time of global uncertainty due to Russian aggression, we are working with our legislative partners on an emergency suspension of the gas tax to help with the pain at the pump,” Hogan said in a statement.
Maryland leaders pitched the emergency relief as they learned the state’s surplus was projected to grow, reaching $7.6 billion by the end of 2023. The gas tax generates roughly $50 million for state transportation projects every two weeks.State regulators have no power to directly reduce prices at the pump, which AAA said averaged $4.302 per gallon in Maryland on Thursday, slightly below the national average of $4.318.
“This conflict that Vladimir Putin initiated has caused gas prices to skyrocket at a time when many Maryland families are already struggling to balance their household budgets,” Comptroller Peter Franchot said after forecasters on Thursday announced Maryland had $1.6 billion more than expected to spend.
“Our residents shouldn’t shoulder the brunt of Putin’s criminal actions and efforts of the free world to stop the bloodshed and destruction that Putin is causing in Ukraine,” he said. “Luckily for the state of Maryland, we’re in this unprecedented financial position. … We have enough money to help our residents and small businesses weather these challenging and uncertain times.”
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