New Jersey’s Gas Tax Going Up On October 1st To 42.3 Cents

Get ready to pay a little more at the pump beginning October 1st, as the New Jersey Treasury Dept. on Friday approved an increase of the state’s gas tax following two years of decline.

Officials said that due to lower-than-expected fuel consumption over the past year, the gas tax will rise by 0.9 cents per gallon, for a total of 42.3 cents per gallon for regular fuel and 49.3 cents for diesel fuel.

New Jersey currently has the seventh-highest gas tax rate in the nation. It used to be lower on the list, but thanks to a 2016 law signed by then-Gov. Chris Christie, the gas tax has risen exponentially.

The gas tax was decreased by one cent last October and more than eight cents in 2021 (right before an election), while in 2020, the gas tax surged by more than nine cents.

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