Spiking petroleum prices from Iran’s closure of the Strait of Hormuz have infuriated politicians across the US and across the political spectrum. There is nothing state or local politicians can do about the cost of crude oil, so discussions in many states – including California – have turned to a gas tax holiday.
Supporters argue that it makes sense for California to offset the war’s impact on pump prices by temporarily reducing the levy that the state imposes, which at $0.61 per gallon is the