New Jersey Gas Tax To Rise By Nearly 10 Cents, Will Rank Among Highest In Nation

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Motorists in the Garden State will have to fork over more at the pump by October, as New Jersey will hike its gasoline tax to try to recoup for lost revenue from lower demand due to the coronavirus pandemic.

New Jersey’s Department of the Treasury announced Friday that a gas tax increase of 9.3 cents a gallon will go into effect on Oct. 1, due to lower fuel consumption trends that have been “exacerbated by the COVID-19 pandemic.”

“As we’ve noted before, any changes in the gas tax rate are dictated by several factors that are beyond the control of the administration,” State Treasurer Elizabeth Maher Muoio said in a statement.

Read more at Fox Business.

{Matzav.com}


3 COMMENTS

  1. does that mean that when the gas demand rises again that the gas tax will be lowered by 10 cents a gallon?
    also, how about us the ppl? our incomes also went down b/c of the corona! How are we supposed to pay more taxes? Why is it that we have to make do with less but the government gets to raise taxes and leave us with even less.
    Government is P—.

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