New Jersey gas tax to decrease by 1 penny in October

New Jersey’s gas tax will decrease by 1 cent per gallon on Oct. 1, according to the state treasury.

News 12 Staff

Aug 30, 2022, 2:31 AM

Updated 652 days ago

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New Jersey’s gas tax will decrease by 1 cent per gallon on Oct. 1, according to the state treasury.
The agency says that tax collection came in higher-than-expected last year.
This is the second year in a row there will be a reduction.
The gas tax rate is adjusted every October to ensure the state generates roughly $2 billion per year to fund infrastructure projects.


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