Over 23 million residents of California, which has the highest average gas prices in the US, might soon get Stimulus Checks to aid with growing costs, according to state lawmakers.
Thanks to a $17 billion Stimulus Check relief package that Governor Gavin Newsom (D) unveiled on Sunday, tens of millions of Californians will get tax returns in the upcoming months. Legislators claim that the plan, which is a part of the state’s budget for 2022–2023, would also defer the sales tax in California on diesel fuel and give more aid to individuals who need help with their utility and rent costs.
Stimulus Check For Eligible Residents
The $97 billion budget surplus of the state will be utilized to cover the Stimulus Checks, which should arrive in the fall. The relief checks’ effect on the state’s high inflation is likewise uncertain, despite Newsom’s assertion that they will “help you fill your gas tank.” The Newsom administration has denied this assertion, although a number of state experts have expressed concern that higher fuel prices might be a consequence of the inflation relief checks.
California has by far the highest average price per gallon of regular gasoline in the country. The average gas price in the state was $6.30 per gallon as of Tuesday, according to AAA, which is 29 percent more costly than the $4.88 national average. According to AAA, the average price of gas in 12 states and the District of Columbia is $5 or over. Although the most significant sanction—the European Union’s embargo on Russian oil imports—will not go into effect until the end of this year, Western sanctions on Russia over its invasion of Ukraine have had a significant impact on the world’s energy markets.
Gavin Newsom, the governor of California, proposed a plan to give residents $400 checks per car, but lawmakers rejected it because they wanted a bigger payout for low-income individuals.