Clock is ticking for gas tax suspension to end in Georgia
AUGUSTA, Ga. (WRDW/WAGT) - If you live in Georgia, gas prices are expected to go up later this month when the gas tax suspension ends.
Prices will jump 29 cents per gallon for regular fuel and 33 cents for diesel on Jan. 10.
Gov. Brian Kemp extended the gas tax suspension to help offset the cost of holiday spending, but that’s ending for drivers next week.
As for the rest of 2023, GasBuddy predicts prices nationally will rise leading into the summer months like they normally do.
But those prices are not expected to be as high as the prices we saw this last summer.
The expiration comes as some warn of a wild ride in the year ahead as fuel prices fluctuate.
GasBuddy says to expect a cooling in the national average price, which could dip to $3.49 early in the year, followed by a rise in late winter, bringing the national average to a peak of $4.19 in June. The current price is $3.16.
It’ll be a roller-coaster ride as prices return to more normal seasonal fluctuations.
“2023 is not going to be a cakewalk for motorists,” GasBuddy analyst Patrick De Haan said. “Basically, curveballs are coming from every direction.”
Increases in refinery capacity will help, but the war in Ukraine and continuing economic concerns will add some uncertainty.
Consumers will ultimately come out ahead, though. Americans will spend an estimated $470.8 billion on gasoline in 2023, down $55 billion from 2022. The estimated yearly household bill for gasoline will fall $277 to $2,471.
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