Florida Looks To Directly Lower Gasoline Prices With Tax Relief

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. 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…