Fill’er Up! New Jersey’s Gas Tax Drops For First Time in Years

If you’re running low on gasoline but have been balking at the outrageous gas prices in New Jersey, today’s drop of 8.3 cents per gallon in the state’s gas tax might give you some comfort. The average price of gasoline dove significantly this morning as the state’s unexpected drop in the gas tax went into effect.

Under a bill signed into law in 2016, New Jersey’s gas tax rate is pegged to revenue projections, with officials saying those funds are needed to pay for critical roadway infrastructure projects. Since the law went into effect, New Jersey’s gas tax soared from under 15 cents per gallon to over 50 cents per gallon.

Almost everyone expected the gas tax to rise yet again due to a decrease in the number of motorists on New Jersey roads due to the pandemic, but an surprise increase in revenue from the gas tax allowed officials to lower it for the first time since 2016.

Gas prices, and the gas tax rate, in New Jersey are still some of the highest in the nation, and the average of $3.19 per gallon on Friday in the Lakewood area is still a difficult pill to swallow. But it’s better than $3.27 per gallon…

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8 COMMENTS

  1. The tax should never have been that high to begin with. It makes it sound like they are nice letting me keep what’s rightfully mine – my money. The tax increases never really go for what’s intended. Glad they are lowering the rate. B”H.

  2. Take away people’s money, then give them back a small part thereof, and they will all say how great you are.
    That tax should have never been levied, altogether. Period.
    Next, make car registration $1.29 cheaper, for the same reason.

  3. It should never have gone up in the first place. The Democrats raised the gas taxes and people stopped buying gas in New Jersey. Just imagine It became cheaper to fill up in many parts of New York and even in parts of Pennsylvania near the border! It was insane to do because we lost a lot of revenue because of it. It used to be that we would pay $0.50 less a gallon here than in most of New York City and about 30 cents less a gallon than most of New York state. Democrats killed this by raising the gas tax and then had the audacity to complain that the state wasn’t taking in as much money. That’s because Democrats know nothing about economics 101!

  4. I haven’t seen it lowered yet. I drove this morning down the 9 and the Sunoco was still $3.27 which it was sitting at for a few days already while others much cheaper. Same for the BP i did npt see it lower than $3.18 which was that price for a few weeks now

  5. Hey Leftism you should thank Chris Christie for the gas tax,he’s the 1 who did that and by the way he was Republican. I’m not an admirer of Gov Murphy but not everything that happens in NJ is cause of him and the Democrats only.

  6. The reason we need gas taxes to pay for roads is that our income taxes are being consumed by social welfare. Stop the redistribution and we’ll have $ for roads. Btw, once we have Biden’s 3.5 trillion for “infrastructure”, the cost for road maintenance should be covered. Oh I forgot, roads may not be included in Biden’s new definition of infrastructure.

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