Business & Finance

Fill ‘Er Up Before Midnight Tonight: New Gas Tax Hikes Prices Nov. 1st

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PISCATAWAY, NJ – Gov. Chris Christie has approved the new gas tax hike which is expected to raise $16 billion over the next eight years to replenish the state’s depleted Transportation Trust Fund. The fund is used to pay for repairs to the New Jersey’s aging bridges, tunnels and roadways.

The new tax goes into effect at midnight on Tuesday, Nov. 1st and for drivers filling up across New Jersey, this means spending 23 cents more per gallon each time they go to a gas station.

“You will never again see a price with a ‘1’ in front of it,” said Zunair, the manager on duty at Piscataway’s BP gas station on Stelton Road.

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The price for regular gasoline at the BP was going for $1.99 per gallon on Monday, and motorists lined up all day at every pump, getting fuel at the current “low” price while they could.

“Some people brought gas cans so they could get gas for lawnmowers and other power equipment for two dollars,” Zunair said, adding that he doesn’t like the idea of the increase in price per gallon going to taxes.

But despite the significant cost increases that are coming, “people have to get gas so they will get used to paying the higher amount,” he said.

The gas tax increase moves New Jersey from having the second lowest gas tax in the nation to the sixth highest.

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