Do gas tax holidays automatically result in significantly lower prices and big savings for motorists at the pump?
The short answer is “no,” according to new research from the American Road & Transportation Builders Association (ARTBA).
The association examined 177 changes in state gasoline tax rates in 34 states between 2013 and 2021 and found that on average, just 18 percent of an increase or decrease was passed on to motorists in the two weeks after a change took effect.
That means consumers won’t be saving much at the pump if the gas tax freezes in Virginia.
Read more at Transportation Investment Advocacy Center
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