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Gas stations had to clear out inventory bought at the old tax rate and don't get refunds on it. Now higher crude oil and wholesale prices will negate any drop.
The Garden State’s gas tax drops Friday by several cents per gallon, offsetting last October’s pandemic-related increase.The tax decreased by 8.3 cents and now totals 42.4 cents per gallon following the last increase of 9.3 cents, News12 r…
Increased gas prices are more likely the result of increased demand as more vaccinated people travel or return to their commutes to work and school.
At these prices, we should be able to pump our own gas in NJ With gas prices reaching a 7-year high, and a pipeline shutdown that could make things worse, it's time to let the good people of New Jersey pump our own gas. Here's why. First and foremost it could save us money, according to Sal Risalvato, who's the executive director of the New Jersey Gasoline and Convenience Automotive Association. Not only could we save money, but wouldn't even need a gas tax. "At the pump, gas today, based on the cost of labor, would be about 15 cents (a gallon less)," Risalvato said on my show back in Octob...
AAA urges people not to 'panic buy' gasoline WPVI Replay Video UP NEXT The shutdown of the Colonial Pipeline, which transports gas from Texas to New York Harbor, has caused unwarranted panic buying. The tri-state area receives about 45% of its gas from the Colonial Pipeline. There are other options too, including international imports, other pipelines and refineries. That means, don't panic, there's enough gas to go around here. "We've got a number of resources for finished refined product such as gasoline," said Sal Risalvato, executive director of the New Jersey Gasoline Re...