Maryland Republican lawmakers are introducing legislation that would pause the state gas tax for thirty days amid skyrocketing oil prices, but the Moore administration is not signaling support for the idea.
Before the U.S. and Israel’s attack on Iran, the national gas price average sat at $2.98 — as of March 16, the average had jumped to $3.72.
Oil barrel prices soared from $70 a barrel to nearly $120 and currently hover at around $110 due to a significant decrease in ship traffic through the Strait of Hormuz, which about 20 percent of the world’s oil traffic typically passes through.
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