Georgia suspends gas tax amid Iran war fuel price rise

Georgia Governor Brian Kemp has suspended the state's gas tax for 60 days to ease the burden of rising fuel prices caused by the U.S.-Israeli war in Iran. This is the first such relief measure by any U.S. state since the conflict began on February 28. The move comes as national gas prices hit $3.912 per gallon, the highest since October 2022.

Georgia Governor Brian Kemp announced on Friday the suspension of the state's gas tax, responding to fuel price increases linked to the U.S.-Israeli war against Iran, now in its third week. The suspension halts the 33.3 cents per gallon tax on gasoline and 37.3 cents per gallon on diesel for 60 days, marking the first state-level relief since the war started on February 28, 2025 (inferred from context, but sources specify date without year explicitly confirmed beyond timeline). (Note: Year not specified in source, but aligns with recent reporting. The Middle East conflict has disrupted oil supplies from a major producing region, prompting U.S. President Donald Trump to consider military options for securing oil tankers through the Strait of Hormuz, a vital shipping route near Iran. On Friday, the U.S. national average gas price reached $3.912 per gallon, up 31% since the war's onset and the highest level since October 2022. A recent Reuters/Ipsos poll found that 55% of respondents reported their household finances affected at least 'somewhat' by higher gas prices, with 21% saying it hit 'a great deal.' Trump, speaking to Reuters earlier this month, expressed little concern, stating he expected prices to fall 'very rapidly' once the war concludes. Fox News, citing the White House, reported that the Trump administration is exploring further options to mitigate pump price burdens for Americans. The decision by Kemp aims to provide immediate relief to Georgia residents amid these pressures. (Reporting by Jasper Ward in Washington; editing by Michelle Nichols.)

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Gas station scene with high fuel prices, E15/E10 pumps, and EPA ethanol waiver announcement amid Iran conflict.
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EPA waives ethanol fuel restrictions amid soaring gas prices

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The Environmental Protection Agency announced on Wednesday it will temporarily lift federal limits on E15 and E10 gasoline blends to help lower prices strained by the Iran conflict. The waiver aims to boost fuel supply starting May 1. Gas prices have reached nearly $4 per gallon, the highest since 2022.

The escalation of the Iran war is driving up oil prices and causing noticeable increases at German gas stations. Diesel now costs an average of 2.04 euros per liter, gasoline 1.94 euros. Politicians are calling for government interventions against rising fuel costs.

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미국과 이스라엘이 이란에 대한 대규모 공격을 시작한 지 일주일 만에 유가가 배럴당 90달러를 넘어섰다. 이 충돌은 중동 전역으로 확대되며 석유 공급을 중단시켰고, 호르무즈 해협 통과가 불가능해졌다. 전 세계 소비자들은 휘발유와 디젤 가격 상승으로 영향을 받고 있다.

The ongoing conflict with Iran has halted shipping in the Strait of Hormuz, driving up global oil and gas prices. This surge is providing short-term gains for producers outside the Persian Gulf region, such as Exxon Mobil and Chevron. Consumers in the US and Europe are facing higher bills as a result.

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On the fifth day of the war in Iran, Tehran's blockade of the Strait of Hormuz has driven up oil and gas prices, affecting the global economy. European gas prices rose from 32 to 49 euros per MWh, while Brent crude climbed from 72 to 82 dollars per barrel. Europe, vulnerable due to its reliance on imports, faces heightened risks if the conflict drags on.

President Luiz Inácio Lula da Silva announced on March 12, 2026, the exemption of federal taxes on diesel to prevent price hikes amid Middle East tensions involving Iran, the United States, and Israel. The measure, costing around 30 billion reais, will be funded by a new tax on oil exports. Experts view the initiative as reasonable in the short term, though it has electoral implications.

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Oil prices peaked above $114 per barrel on March 9 as the Iran war intensified, building on yesterday's surge past $110. Indian markets plunged amid fuel cost fears, while Asian governments rolled out measures to shield consumers from spiking prices.

 

 

 

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