Georgia gas tax suspension ending soon, impacting drivers and road funds
Gov. Brian Kemp's temporary suspension of Georgia's gas tax is scheduled to end next week, leaving drivers and economists debating the balance between lower fuel costs.
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Gov. Brian Kemp's temporary suspension of Georgia's gas tax is scheduled to end next week, leaving drivers and economists debating the balance between lower fuel costs.
Commuters across Georgia are feeling the squeeze this week as gasoline prices saw a dramatic spike, jumping nearly 30 cents per gallon in the last week.
Gas prices are now 52% higher than prior to the Iran war, with drivers paying $1.56 more per gallon, data shows.
Oil prices hit a 4-year high as Axios reports Trump will hear new options to try to break the Strait of Hormuz standoff with Iran with a new wave of attacks.
Brent crude surged past $126 a barrel early Thursday, while U.S. gasoline prices jumped to $4.30 a gallon.
The average cost of a gallon of gasoline hit $4.18 on Tuesday, up $1.20 since the conflict in the Middle East started on Feb. 28.
Energy prices keep rising with no sign of progress toward a deal to end the U.S.-Iran standoff and Hezbollah rejecting the Lebanon ceasefire.
A volatile combination of skyrocketing jet fuel prices and a critical shortage of federal security agents is threatening to disrupt travel just as the city prepares for a massive international influx of visitors.
Iran says Israel is violating the ceasefire deal President Trump announced, and Tehran appears to still have control over shipping in the Strait of Hormuz.
"This is a potentially huge market event like no other. It's a known unknown with a clock," one investment adviser said.
Gas prices in the U.S. could near a record high later this month if the Strait of Hormuz remains sealed, energy industry experts warn.
Trump says he expects the U.S. war with Iran to end within several weeks despite unrelenting attacks from both sides and Iran's iron grip on the Strait of Hormuz.
"The scary scenarios are, unfortunately, extremely plausible" if the critical Persian Gulf waterway stays effectively sealed, economist Paul Krugman said.
The average price of gas across the U.S. last reached $4 after Russia's invasion of Ukraine sent crude oil prices surging.
As oil prices surge, some experts are urging consumers to take energy-conserving steps like working from home or driving less.
The U.S. Postal Service is raising some postage prices to help offset the federal agency's rising transportation costs as fuel prices surge.
Summer gasoline regulations will be waived for 20 days, and possibly longer to try to ease gas prices.
Plunging oil shipments transiting the Strait of Hormuz have sent global energy prices soaring to their highest level in years.
With regular gas climbing well above $3 per gallon and diesel even higher, many are reconsidering travel plans, while experts cite global tensions and increased seasonal demand.
Gas prices are climbing across the United States as rising tensions in the Middle East push oil prices to their highest levels in years.
President Trump's trip to China could bolster economic relations, but failed to deliver a breakthrough deal, some trade and energy experts said.
Georgia Gov. Brian Kemp has extended the suspension of the state's gas tax for two additional weeks.
For the first time in Spelman College's history, the historically-Black college has seven valedictorians.
Two people from the MV Hondius cruise ship who have been under observation at Emory University Hospital for days are now reunited wit other passengers in Nebraska.
Almost every month, Emory University physicist Justin Burton and his graduate students step out of the lab and bring loud, colorful experiments to younger students.