Hochul Seeks Federal Gas Tax Holiday Amid Soaring Prices
New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New York Governor Kathy Hochul is considering another state gas tax holiday amid soaring pump prices due to the U.S.-Israel conflict with Iran. However, she prefers the federal gas tax suspension, as her previous holiday in 2022 failed to lower prices and primarily benefited wealthier drivers. The war has disrupted oil flows, with a fifth of global supply passing through the Strait of Hormuz. Transit advocates are pushing for better alternatives, such as expanding reduced fares.
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