Republican Georgia Gov. Brian Kemp says he wants to suspend collections of state motor fuel taxes amid rising pump prices. Democratic U.S. Sen. Raphael Warnock of Georgia has already been advocating for the federal government to suspend collection of its gas tax.
President Biden is looking at options to bring down high prices. One possibility attracting a lot of attention is releasing crude oil from the country's emergency reserves.
Presidents don't set the gas price you pay at the pump, but they're often blamed for it. And right now, high energy prices are helping send inflation to an over 30-year high.
At least four of the nine oil refineries in Ida's path are believed to have paused their operations ahead of the storm. AAA says it's too early to know the full impact until power is restored.
The supply chain for fuels like gasoline will take several days to return to normal after Colonial restarted a critical pipeline that was shut down this month.
Tina Nixon works in the film industry and commutes to downtown Atlanta from the northern suburb of Marietta. Finding gas, she said, has been a struggle. She's not alone: About half the state's gas stations are on empty.
Georgia Gov. Brian Kemp joined the Biden administration in urging people not to stockpile fuel needlessly. Convenience store customers across Georgia were reporting fuel shortages by Monday evening, a problem that experts say is an overreaction to the situation.
Gov. Brian Kemp says he's suspending state taxes on motor fuels through Saturday to offset increasing prices after a computer hack shut down a pipeline that carries fuel to much of Georgia.
Colonial Pipeline has not set a timetable for restoring full service. If the shutdown continues several days, it could affect gas prices in the Southeast, experts say.
