The updated COVID vaccine will be priced between $120 and $130 per dose, the vaccine manufacturers announced on Tuesday, Sept. 12. 

Speaking at an advisory panel meeting at the Centers for Disease Control and Prevention (CDC), executives from Pfizer, BioNTech, Moderna and Novavax laid out the pricing for their new vaccines.

The Pfizer/BioNTech vaccine will be $120 per dose, Reuters reported, while the Moderna vaccine will be $129 per dose. 

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The Novavax vaccine will be just a bit more expensive, costing $130 per dose, said Reuters. 

Unlike the others, the Novavax vaccine does not use mRNA and is still awaiting final FDA approval, according to its website.

The pricing announcement comes one day after the U.S. Food and Drug Administration (FDA) approved and authorized updated mRNA COVID-19 vaccines for emergency use. 

These new vaccines, which are manufactured by Pfizer and Moderna, are “formulated to more closely target currently circulating variants,” particularly the omicron variant XBB.1.5, said the FDA. 

The vaccines have also been formulated to “provide better protection against serious consequences of COVID-19, including hospitalization and death,” according to a news release from the agency.

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Those shots are approved for anyone who is over the age of 5 and has not received a COVID vaccine in the last two months.

Additionally, anyone who is between 6 months and 4 years old, and who has previously been vaccinated against COVID, can receive the updated vaccine depending on the time of their last dose, said the FDA. 

The number of doses people can receive of the new vaccine will depend on their previous vaccination history.

Children between the ages of 6 months and 4 years can receive either three doses of the new Pfizer vaccine or two of the new Moderna vaccine, said the FDA.

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Peter Marks, M.D., director of the FDA’s Center for Biologics Evaluation and Research, encouraged the continued use of vaccines.

“Vaccination remains critical to public health and continued protection against serious consequences of COVID-19, including hospitalization and death,” he said in the FDA’s announcement.

“The public can be assured that these updated vaccines have met the agency’s rigorous scientific standards for safety, effectiveness and manufacturing quality,” he continued. 

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Added Marks, “We very much encourage those who are eligible to consider getting vaccinated.”

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Georgia Gov. Brian Kemp on Tuesday suspended the state’s gas tax as part of a state of emergency over 40-year-high inflation. 

The Republican governor said he was temporarily suspending Georgia’s excise tax on motor and locomotive fuel to provide direct relief to Georgian families. 

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“From runaway federal spending to policies that hamstring domestic energy production, all Bidenomics has done is taking more money out of the pockets of the middle class,” Kemp said in a statement. “While high prices continue to hit family budgets, hardworking Georgians deserve real relief and that’s why I signed an executive order today.” 

In announcing the suspension on Twitter, Kemp said Georgians deserve “real relief from the disastrous effects of Bidenomics.” 

The governor’s office pointed to an analysis from Moody’s Analytics last month showing that U.S. consumers are spending more than $700 more per month than they were 2 years prior, and more than $200 more per month than they were last year. 

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Suspending the excise tax is expected to save Georgians 31.2 cents per gallon of gasoline and 35 cents per gallon of diesel fuel. 

The governor’s office estimates that Georgians saved approximately $1.7 billion at the bump when the gas tax was suspended between March and December 2022. 

The Peach State has approximately $10 billion in additional surplus cash in state accounts. It is also likely to run another multimillion-dollar surplus in the budget year beginning July 1 – unless revenues sharply fall. 

Overall, inflation has been easing in the United States in recent months. Inflation data in August showed that overall consumer prices rose 3.2% from a year earlier. That was up from a 3% annual rise in June, but far below last year’s peak of 9.1%.

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Kemp’s executive order goes into effect on Wednesday, September 13 at midnight, and remains in effect until 11:59 p.m. on October 12, 2023.

The Associated Press contributed to this report. 

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