News From Trenton · June 28, 2022
What a Gas ‘Tax Holiday’ Would Mean for NJ
With gas prices continuing to hover around $5 per gallon — in New Jersey and nationally — President Joe Biden is now calling for a three-month suspension of the federal gas tax.
New Jersey’s state gas tax currently adds 42.4 cents to the price of every gallon purchased at the pump in New Jersey. Taken together, the federal and state gas taxes add up to nearly 61 cents, or about 12%, for each $5 gallon of gas purchased in New Jersey.
From NJ SEED: News From Trenton - June 28, 2022.