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As national gas prices hit a record high, New York drivers will get a little reprieve as the state’s gas tax suspension takes effect Wednesday, lasting through the rest of the year.
The national average for a gallon of gas jumped five cents overnight to $4.67, marking AAA’s highest recorded average price. New York’s average price hit $4.93 a gallon Wednesday, according to AAA — a 60% hike compared to last year’s price tag of $3.08 per gallon.
New York lawmakers passed the suspension of the state’s 16-cent-per-gallon motor fuel and sales tax as part of the state’s budget in April.
Gov. Kathy Hochul (D-NY) said the state gas tax suspension will run through Dec. 31 and cost the state $585 million.
GAS COULD RISE ABOVE $6 PER GALLON BY END OF SUMMER: EXPERTS
New York joins a handful of other states that have temporarily cut gas taxes.
In March, Connecticut passed a bill suspending its 25-cent gas tax through the end of June, while Georgia suspended its taxes for gasoline and diesel from March through May.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
Maryland was the first state to suspend its gas tax in March with a 30-day reprieve. Michigan is considering a bill that would cut the gas tax through mid-September.
