N.J. Gasoline Tax to Drop 1 Cent on Better-Than-Forecast Demand
Photographer: Luke Sharrett/Bloomberg
New Jersey is cutting an automotive fuel tax by 1 cent per gallon after consumer demand was higher than projected, state Treasurer Elizabeth Muoio announced.
The petroleum products gross receipt charge will drop to 30.9 cents for gasoline and 34.9 cents for diesel on Oct. 1. With the state’s separate motor fuels tax added, the combined per-gallon state fees will be 41.4 cents and 48.4 cents, respectively.