As Florida prices soar, DeSantis proposes $1 billion gas tax exemption

As Florida prices soar, DeSantis proposes $1 billion gas tax exemption

Daytona Beach, Florida. — With gas prices soaring in Florida ahead of the Thanksgiving holiday, Florida Governor Ron DeSantis said Monday he is proposing a gas tax cut of more than $1 billion in an effort to help lower gas prices in the state.

“The average family over five or six months can, you know, save up to $200,” DeSantis said during a press conference at Daytona Beach Buc-ee’s. There is a whole host of things that go into the price of gas. There are different taxes, federal, state, local, we’re taking over 25 cents out of Florida and basically zeroing in on it for as long as we can and doing over a billion dollars. This would make a huge huge deal.”

Millions of Florida residents are expected to hit the road this week, and when they do, they will pay the most expensive Thanksgiving gas prices in eight years. The average price per gallon in Florida is $3.36, the highest since $3.45 in 2013, according to AAA.

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DeSantis said he is confident the tax breaks will translate into lower prices at the pump if the proposal is passed by the legislature.

“We talked about the racetrack, and we talked to Delis, Jett, a bunch of them all over Florida, and they all said yes, sure. [we will lower prices]. And I think the reason is because it makes financial sense for them because they make a lot of money when people come into their store and buy things,” DeSantis said.

Recent data link the rise in gas prices to:

  • More Americans on the way

  • reopening the economy

  • Supply is limited due to a wide variety of factors

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