Actually I have been thinking about this today while riding down the road.
Lets say we suspend fuel taxes.
It takes the money out of the state coffers, that has been budgeted on projections creating massive shortfalls. Not that I think our .gov is running smooth, and not that I think they should be given more and more money, but this will make a bad thing worse.
Second part, its a bandaid for a symptom. Cutting prices by any means circumvents dealing with why the prices are rising and the supply is dwindling. Thus allowing more widespread use of something that should have demand falling, and ignoring the true problem, lack of refining capabilities combined with competition for the limited pool.
If we do not suspend the taxes, and lets say the price goes to $5 per gallon, there will be cutbacks by everyone. Thus creating a glut. And the problem will fix itself.
I am against tax suspension. And I cant believe I just said that.