Some states want to give drivers a gas tax holiday, but that might not be a wise move

Photo/video: CNN

As Americans reel from skyrocketing gasoline prices, a growing number of states are looking to provide residents with a little relief by suspending their gas taxes.

Nearly all states levy taxes or other fees on gasoline sales, on top of the federal gas tax of 18.4 cents a gallon. The revenue often goes to repair and expand transportation infrastructure.

Gas taxes have come under scrutiny as prices spike, fueled in part by Russia’s invasion of Ukraine, which began last month. Nationwide, a gallon of regular gas cost an average of $4.32 as of Thursday, according to AAA. A month ago, the price was $3.48 a gallon.

Read more from CNN…

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