Gas Tax Holiday Kicks Off Today In New York
Today drivers across New York will get some relief at the pump as New York State's "Gas Tax Holiday" kicks off today.
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The gas tax was first introduced by State Sen. Kevin Parker and was included in the state budget announced by Gov. Kathy Hochul back in April.
The "Gas Tax Holiday" starts today and will last about seven months until February 2023. The tax break will take about 16 cents off the price of a gallon of gas in New York State.
This "gas tax holiday" is only for the New York State tax on a gallon of gas. Counties in the state also have their own taxes on gas as well. Some counties have worked on capping the county tax on top of the savings on state taxes.
In Erie County, officials approved a temporary cap on the local sales tax on gasoline at $2. In Niagara County, that cap is at $3. Drivers will save an additional 5-10 cents per gallon with those county tax caps.
Officials are hoping that with these tax breaks, the cost of a gallon of gas will stay under five dollars per gallon. All gas stations across the state must now only sell the "summer blend" of gas which is more expensive to produce so usually the gas prices are higher in the summer on a normal year.
Some counties in New York have already broken that $5 per gallon of gas threshold and drivers in those areas are hoping this "Gas Tax Holiday" provides some relief at the pumps.
According to AAA, the average price of a gallon of gas at the time this was written is $4.927 in New York State. The National average for a gallon of gas is $4.622.
Last year at this time, the average price of a gallon of gas in New York was $3.075
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