"States Get In on Calls for a Gas Tax Holiday" New York Times

Link: States Get In on Calls for a Gas Tax Holiday
Damien Cave
New York Times
May 6, 2008

...Since 2000, four states have enacted gas tax holidays: Florida, Georgia, Illinois and Indiana. In general, retailers did not pass on all of the intended savings.

When Illinois and Indiana suspended about 7 cents of their state gas taxes in the summer of 2000, prices fell by an average of only 4 cents, according to a study by the American Road and Transportation Builders Association, which opposed the plans. Drivers saved no more than $2.50 a month, while each state lost tens of millions of dollars in tax revenue.

Previous gas tax holidays caused other problems, too. During the last gas tax suspension in Florida in 2004, people hoarded gasoline, driving up demand and prices...