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Florida Looks To Directly Lower Gasoline Prices With Tax Relief

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Florida Looks To Directly Lower Gasoline Prices With Tax Relief

Home Oil Prices Rig Count Energy Energy-General Oil Prices Crude Oil Heating Oil Gas Prices Natural Gas Coal Company News Interviews Alternative Energy Nuclear Power Solar Energy Hydroelectric Renewable Energy Geothermal Energy Wind Power Fuel Cells Tidal Energy Biofuels Environment Global Warming Oil Spills Geopolitics Africa Asia Europe Indonesia International Middle East North America South America Video Breaking News Premium Articles Community Trade Now My Account Latest Discussions Energy General Oil Stocks & Prices Other Energy Topics Trade Now Get Exclusive Intel All Prices OPEC Blends Canadian Blends U.S. Blends WTI Crude • 10 mins 78.79 +2.04 +2.66% Brent Crude • 10 mins 82.38 +2.68 +3.36% Natural Gas • 10 mins 5.041 +0.252 +5.26% Heating Oil • 10 mins 2.384 +0.059 +2.52% Gasoline • 10 mins 2.319 +0.059 +2.60% Louisiana Light • 2 days 77.14 +0.63 +0.82% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Louisiana Light • 2 days 77.14 +0.63 +0.82% Bonny Light • 2 days 79.15 +1.16 +1.49% Opec Basket • 2 days 78.90 -1.42 -1.77% Mars US • 15 hours 73.75 +1.41 +1.95% Gasoline • 10 mins 2.319 +0.059 +2.60% Click Here for 150+ Global Oil Prices

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Marine • 2 days 78.39 -2.35 -2.91% Murban • 2 days 80.21 -2.46 -2.98% Iran Heavy • 2 days 75.45 +1.29 +1.74% Basra Light • 2 days 80.85 +0.97 +1.21% Saharan Blend • 2 days 80.54 +1.06 +1.33% Bonny Light • 2 days 79.15 +1.16 +1.49% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Bonny Light • 2 days 79.15 +1.16 +1.49% Girassol • 2 days 79.94 +1.44 +1.83% Opec Basket • 2 days 78.90 -1.42 -1.77% Click Here for 150+ Global Oil Prices

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Louisiana Light • 2 days 77.14 +0.63 +0.82% Domestic Swt. @ Cushing • 2 days 73.25 +0.75 +1.03% Giddings • 2 days 67.00 +0.75 +1.13% ANS West Coast • 5 days 79.54 -2.64 -3.21% West Texas Sour • 2 days 70.70 +0.65 +0.93% Eagle Ford • 2 days 74.65 +0.65 +0.88% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Eagle Ford • 2 days 74.65 +0.65 +0.88% Oklahoma Sweet • 2 days 73.25 +0.75 +1.03% Kansas Common • 2 days 67.00 +0.75 +1.13% Buena Vista • 2 days 80.19 -2.26 -2.74% Click Here for 150+ Global Oil Prices

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1D 1M 3M 1Y All Charts Products Discussion Headlines 55 mins Aluminum Inventories Have Fallen To Critical Levels 2 hours Azerbaijan And Iran Look To Mend Energy Relations 3 hours India Set To Tap Only 5 Million Barrels From Crude Reserves 19 hours Energy Crisis Claims Its Biggest Victim In The UK Yet 22 hours Saudi Aramco’s $15 Billion Oil Deal With India’s Largest Company Fails 23 hours Halting Cambo Oilfield Exposes The UK To Energy Shortages 24 hours British Gas Swoops In To Save Stranded Customers From Energy Crisis 1 day Saudi Retains Top Spot among China Oil Suppliers 1 day Japan Considers Releasing Oil From Reserve 4 days Asian Buyers Can’t Get Enough Of U.S. Sweet Crude Oil 4 days U.S. Gasoline Prices Set For Decline 4 days OPEC+ Pumped Less Oil Than Agreed In October 5 days U.S. To Discuss Energy Transition With Mexico’s President 5 days UK’s National Grid Expects Windfall Profits From High Power Prices 5 days Crypto Miners Are Worsening Kazakhstan’s Energy Crisis 5 days Tensions Between Armenia And Azerbaijan Boil Over After Border Incidents 5 days U.S. Asks Big Oil Consuming Nations To Release Reserves 5 days Biden Calls On FTC To Investigate Oil Companies And High Gas Prices 6 days Largest Offshore Drilling Auction In U.S. History Kicks Off With $192M In Bids 6 days India Shuts Coal Power Plants As Delhi Air Pollution Worsens 6 days Soaring Energy Prices Drive UK Inflation To 10-Year High 6 days Belarus Reduces Flow On Oil Pipeline To Poland Amid Border Crisis 6 days UAE Speeds Up $20 Billion Natural Gas Projects 6 days Environmentalists Sue South Africa Over Plans For New Coal Capacity 6 days Federal Court Refuses To Move Line 5 Case To State Court 6 days OPEC: Oil Will Be King Of The Global Energy Mix Until At Least 2045 7 days WTI Crude Recovers On Cushing Inventory Draw, Gasoline Draw 7 days OPEC: Global Energy Demand To Rise By 28% By 2045 7 days IEA: Global Oil Inventories Rose In October 7 days UAE Sees OPEC+ Sticking To Oil Output Plan With Surplus Looming In Q1 7 days Exxon Puts Shale Gas Assets Up For Sale 7 days Germany Suspends Nord Stream 2 Certification 8 days Oman: OPEC+ Not Worried About Potential U.S. SPR Release 8 days Chinese Coal Production Jumps To Six-Year High In October 8 days Despite Threats, Russian Gas Flows To Germany Increase Through Belarus 8 days Shell Moves To UK, Drops ‘Royal Dutch’ In Share Structure Overhaul 11 days Russia: Belarus Didn’t Coordinate With Moscow Threat To Halt Gas To Europe 11 days Democratic Senator Manchin Opposes Tax Credit For Union-Made EVs 11 days Biden Administration Still Debating Moves To Lower Gasoline Prices 11 days In Rare Move, Venezuelan Judge Grants Hearing To Jailed Citgo Executives 3 minutes Looming European Gas Crisis in Winter and North African Factor – a must read by Cyril Widdershoven 7 minutes “Biden Targets Another US Pipeline For Shutdown After ‘Begging’ Saudis For More Oil” – Zero Hedge Monday Nov 8th 12 minutes “UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System” by Whitney Webb 10 hours GREEN NEW DEAL = BLIZZARD OF LIES 16 hours Ukrainian Maidan after 8 years 13 hours NordStream2 5 hours “Gold Set To Soar As Inflation Fears Mount” by Alex Kimani 3 hours Monday 9/13 – “High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year” by Irina Slav 19 hours Building A $2 Billion Subsea Solar Power Cable From Chile To China 2 days Al Gore says: “…a lot of these fossil fuel assets are going to be worthless.” 4 days Peak oil – demand vs production Sell Buy Sell Buy Sell Buy Sell Buy Sell Buy Breaking News: Florida Looks To Directly Lower Gasoline Prices With Tax Relief

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Share Facebook Twitter Linkedin Reddit Related News British Gas Swoops In To Save Stranded Customers From Energy Crisis Saudi Retains Top Spot among China Oil Suppliers Japan Considers Releasing Oil From Reserve Asian Buyers Can’t Get Enough Of U.S. Sweet Crude Oil U.S. Gasoline Prices Set For Decline Florida Looks To Directly Lower Gasoline Prices With Tax Relief By Charles Kennedy – Nov 23, 2021, 12:30 PM CST While the Biden Administration moved to release 50 million barrels from the Strategic Petroleum Reserve (SPR) in a bid to lower gasoline prices, Florida Governor Ron DeSantis intends to “zero out” the state gas tax “for as long as we can.”

Florida has a 26.5-cent per gallon state gas tax, which, if “zeroed out,” could save Floridians more than $1 billion.

Operation Underground Railroad

Governor DeSantis announced on Monday that during the upcoming legislative session, he will propose a so-called gas tax relief that could save residents in the state more than $1 billion in gas tax relief. The gas tax holiday is expected to save up to $200 for the average Florida family, according to the office of Governor DeSantis

Home Oil Prices Rig Count Energy Energy-General Oil Prices Crude Oil Heating Oil Gas Prices Natural Gas Coal Company News Interviews Alternative Energy Nuclear Power Solar Energy Hydroelectric Renewable Energy Geothermal Energy Wind Power Fuel Cells Tidal Energy Biofuels Environment Global Warming Oil Spills Geopolitics Africa Asia Europe Indonesia International Middle East North America South America Video Breaking News Premium Articles Community Trade Now My Account Latest Discussions Energy General Oil Stocks & Prices Other Energy Topics Trade Now Get Exclusive Intel All Prices OPEC Blends Canadian Blends U.S. Blends WTI Crude • 10 mins 78.79 +2.04 +2.66% Brent Crude • 10 mins 82.38 +2.68 +3.36% Natural Gas • 10 mins 5.041 +0.252 +5.26% Heating Oil • 10 mins 2.384 +0.059 +2.52% Gasoline • 10 mins 2.319 +0.059 +2.60% Louisiana Light • 2 days 77.14 +0.63 +0.82% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Louisiana Light • 2 days 77.14 +0.63 +0.82% Bonny Light • 2 days 79.15 +1.16 +1.49% Opec Basket • 2 days 78.90 -1.42 -1.77% Mars US • 15 hours 73.75 +1.41 +1.95% Gasoline • 10 mins 2.319 +0.059 +2.60% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

Marine • 2 days 78.39 -2.35 -2.91% Murban • 2 days 80.21 -2.46 -2.98% Iran Heavy • 2 days 75.45 +1.29 +1.74% Basra Light • 2 days 80.85 +0.97 +1.21% Saharan Blend • 2 days 80.54 +1.06 +1.33% Bonny Light • 2 days 79.15 +1.16 +1.49% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Bonny Light • 2 days 79.15 +1.16 +1.49% Girassol • 2 days 79.94 +1.44 +1.83% Opec Basket • 2 days 78.90 -1.42 -1.77% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

Canadian Crude Index • 2 days 57.39 +0.89 +1.58% Western Canadian Select • 11 hours 53.75 -2.19 -3.91% Canadian Condensate • 11 hours 75.75 +0.81 +1.08% Premium Synthetic • 11 hours 77.15 +0.81 +1.06% Sweet Crude • 11 hours 71.75 +0.81 +1.14% Peace Sour • 11 hours 68.85 +0.81 +1.19% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Peace Sour • 11 hours 68.85 +0.81 +1.19% Light Sour Blend • 11 hours 71.75 +0.81 +1.14% Syncrude Sweet Premium • 11 hours 72.75 +0.81 +1.13% Central Alberta • 11 hours 68.75 +0.81 +1.19% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

Louisiana Light • 2 days 77.14 +0.63 +0.82% Domestic Swt. @ Cushing • 2 days 73.25 +0.75 +1.03% Giddings • 2 days 67.00 +0.75 +1.13% ANS West Coast • 5 days 79.54 -2.64 -3.21% West Texas Sour • 2 days 70.70 +0.65 +0.93% Eagle Ford • 2 days 74.65 +0.65 +0.88% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Eagle Ford • 2 days 74.65 +0.65 +0.88% Oklahoma Sweet • 2 days 73.25 +0.75 +1.03% Kansas Common • 2 days 67.00 +0.75 +1.13% Buena Vista • 2 days 80.19 -2.26 -2.74% Click Here for 150+ Global Oil Prices

Start Trading CFDs Over 2,200 Different Instruments

Click Here for 150+ Global Oil Prices

1D 1M 3M 1Y All Charts Products Discussion Headlines 55 mins Aluminum Inventories Have Fallen To Critical Levels 2 hours Azerbaijan And Iran Look To Mend Energy Relations 3 hours India Set To Tap Only 5 Million Barrels From Crude Reserves 19 hours Energy Crisis Claims Its Biggest Victim In The UK Yet 22 hours Saudi Aramco’s $15 Billion Oil Deal With India’s Largest Company Fails 23 hours Halting Cambo Oilfield Exposes The UK To Energy Shortages 24 hours British Gas Swoops In To Save Stranded Customers From Energy Crisis 1 day Saudi Retains Top Spot among China Oil Suppliers 1 day Japan Considers Releasing Oil From Reserve 4 days Asian Buyers Can’t Get Enough Of U.S. Sweet Crude Oil 4 days U.S. Gasoline Prices Set For Decline 4 days OPEC+ Pumped Less Oil Than Agreed In October 5 days U.S. To Discuss Energy Transition With Mexico’s President 5 days UK’s National Grid Expects Windfall Profits From High Power Prices 5 days Crypto Miners Are Worsening Kazakhstan’s Energy Crisis 5 days Tensions Between Armenia And Azerbaijan Boil Over After Border Incidents 5 days U.S. Asks Big Oil Consuming Nations To Release Reserves 5 days Biden Calls On FTC To Investigate Oil Companies And High Gas Prices 6 days Largest Offshore Drilling Auction In U.S. History Kicks Off With $192M In Bids 6 days India Shuts Coal Power Plants As Delhi Air Pollution Worsens 6 days Soaring Energy Prices Drive UK Inflation To 10-Year High 6 days Belarus Reduces Flow On Oil Pipeline To Poland Amid Border Crisis 6 days UAE Speeds Up $20 Billion Natural Gas Projects 6 days Environmentalists Sue South Africa Over Plans For New Coal Capacity 6 days Federal Court Refuses To Move Line 5 Case To State Court 6 days OPEC: Oil Will Be King Of The Global Energy Mix Until At Least 2045 7 days WTI Crude Recovers On Cushing Inventory Draw, Gasoline Draw 7 days OPEC: Global Energy Demand To Rise By 28% By 2045 7 days IEA: Global Oil Inventories Rose In October 7 days UAE Sees OPEC+ Sticking To Oil Output Plan With Surplus Looming In Q1 7 days Exxon Puts Shale Gas Assets Up For Sale 7 days Germany Suspends Nord Stream 2 Certification 8 days Oman: OPEC+ Not Worried About Potential U.S. SPR Release 8 days Chinese Coal Production Jumps To Six-Year High In October 8 days Despite Threats, Russian Gas Flows To Germany Increase Through Belarus 8 days Shell Moves To UK, Drops ‘Royal Dutch’ In Share Structure Overhaul 11 days Russia: Belarus Didn’t Coordinate With Moscow Threat To Halt Gas To Europe 11 days Democratic Senator Manchin Opposes Tax Credit For Union-Made EVs 11 days Biden Administration Still Debating Moves To Lower Gasoline Prices 11 days In Rare Move, Venezuelan Judge Grants Hearing To Jailed Citgo Executives 3 minutes Looming European Gas Crisis in Winter and North African Factor – a must read by Cyril Widdershoven 7 minutes “Biden Targets Another US Pipeline For Shutdown After ‘Begging’ Saudis For More Oil” – Zero Hedge Monday Nov 8th 12 minutes “UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System” by Whitney Webb 10 hours GREEN NEW DEAL = BLIZZARD OF LIES 16 hours Ukrainian Maidan after 8 years 13 hours NordStream2 5 hours “Gold Set To Soar As Inflation Fears Mount” by Alex Kimani 3 hours Monday 9/13 – “High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year” by Irina Slav 19 hours Building A $2 Billion Subsea Solar Power Cable From Chile To China 2 days Al Gore says: “…a lot of these fossil fuel assets are going to be worthless.” 4 days Peak oil – demand vs production Sell Buy Sell Buy Sell Buy Sell Buy Sell Buy Breaking News: Florida Looks To Directly Lower Gasoline Prices With Tax Relief

Find us on:

SPR Release Only Triggered A Brief Selloff In Crude Oil Biden’s plan for a globally…

Has China Really Solved Its Power Crisis? The energy crisis in China,…

Home Latest Energy News Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Share Facebook Twitter Linkedin Reddit Related News British Gas Swoops In To Save Stranded Customers From Energy Crisis Saudi Retains Top Spot among China Oil Suppliers Japan Considers Releasing Oil From Reserve Asian Buyers Can’t Get Enough Of U.S. Sweet Crude Oil U.S. Gasoline Prices Set For Decline Florida Looks To Directly Lower Gasoline Prices With Tax Relief By Charles Kennedy – Nov 23, 2021, 12:30 PM CST While the Biden Administration moved to release 50 million barrels from the Strategic Petroleum Reserve (SPR) in a bid to lower gasoline prices, Florida Governor Ron DeSantis intends to “zero out” the state gas tax “for as long as we can.”

Florida has a 26.5-cent per gallon state gas tax, which, if “zeroed out,” could save Floridians more than $1 billion.

Operation Underground Railroad

Governor DeSantis announced on Monday that during the upcoming legislative session, he will propose a so-called gas tax relief that could save residents in the state more than $1 billion in gas tax relief. The gas tax holiday is expected to save up to $200 for the average Florida family, according to the office of Governor DeSantis.

“Gas prices have been rising due to inflationary pressures from bad federal policies, so we here in Florida need to step up and provide relief to our citizens,” said Governor DeSantis. “Today, I am proposing that during session, the Florida Legislature provide more than $1 billion in gas tax relief for Florida families.”

Florida’s average price of a gallon of gasoline is $3.351 as of November 23, compared to the national average of $3.403 per gallon, according to AAA data .

Operation Underground Railroad USA

The 26.5-cent per gallon state gas tax is one of Florida’s taxes on gasoline, which also include federal gas taxes of 18.4 cents a gallon and local option gas taxes of up to 12 cents per gallon. The governor of Florida can only influence the state gas tax.

A gas tax holiday in Florida could be more effective in lowering gasoline prices in the state than the 50-million-barrel release from the SPR announced by U.S. President Joe Biden today. 50 million barrels of oil is two and a half days of American petroleum consumption, which was at 20.5 million barrels per day (bpd) in the pre-pandemic 2019.

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By Charles Kennedy for Oilprice.com

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