Gov. Beshear announces reduction in state gas tax

FRANKFORT, Ky. (ABC36 NEWS NOW) — Kentucky drivers could soon see lower prices at the pump. Governor Andy Beshear announced that the state gas tax will drop by 1.4 cents per gallon, effective July 1.

“I know every penny counts, and these savings can really add up,” Beshear said in a release. “Whether you are driving to school, to work, headed to church or out on a family trip – at least here in Kentucky your gas is going to cost a little bit less starting July first.”

According to the governor, this latest decrease brings the total reduction over the past two years to 3.7 cents per gallon — about a 12% drop.

The gas tax adjustment is part of a state formula that fluctuates with fuel prices and other economic factors.