Kentucky freezes gasoline tax and seeks 10-cent cut
Updated
Updated · POLITICO · May 5
Kentucky freezes gasoline tax and seeks 10-cent cut
8 articles · Updated · POLITICO · May 5
Governor Andy Beshear said the tax was due to rise in July, and the emergency reduction still needs approval from Kentucky's attorney general.
He said families need relief as average US gasoline prices reached $4.483 a gallon, the highest since the Iran war began, with experts warning of another oil spike.
The move adds to recent fuel-tax holidays in Georgia and Indiana as politicians in both parties respond to voter anxiety over energy costs before the midterm elections.
As states offer temporary gas tax holidays, can new geothermal technology provide a permanent solution to volatile energy prices?
Beyond gas prices, how does the Hormuz Strait disruption threaten global supply chains for technology and defense industries?
With oil companies facing state lawsuits over climate change, what will be the ultimate impact on the energy industry?