University of Cincinnati
10/02/2026 | Press release | Distributed by Public on 10/02/2026 23:39
Will Ohio's gas tax suspension lower prices at the pump
Will Ohio's gas tax suspension lower prices at the pump?
UC expert says suspension will effect both consumers and oil companies
2 minute read October 2, 2026 Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Print Story Like
Ohio Governor Mike DeWine is suspending the state's gas tax for 90 days after a summer of increased costs for drivers, WLWT reports.
The station turned to University of Cincinnati economist Gary Painter to explain if the measure will really offer significant relief for Ohio drivers in the coming months.
"They should not expect to see that price of gas fall more than 40 cents," Painter, professor and academic director of the Real Estate Center at UC's Lindner College of Business, told WLWT. "I suspect it'll be more in the range of 30 cents."
He emphasized that any savings from the suspended tax will be split between consumers and the oil companies that supply the gas.
"Consumers are not going to get the full reduction because there is going to be some savings that go to the producers," Painter said.
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The University of Cincinnati drives Ohio's economy with a $22.7 billion statewide impact, supporting over 125,000 jobs. Through innovation, research and workforce development, UC fuels economic growth and enhances quality of life across the state.
Featured image at top of an oil well. Photo/iStock
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University of Cincinnati published this content on October 02, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 03, 2026 at 05:40 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]