Beginning Today, NJ Residents Will Save at the Gas Pump
New Jersey’s gas tax rate decreases today by 8.3 cents per gallon, with the new rate of 42.4 cents per gallon. This was announced by the NJ State Treasury this past August.
The rate reduction is a near reversal of last October’s increase after the lack of driving during the pandemic led the state to recoup millions in lost revenue.
For more details on how these tax rates are calculated, visit the NJ Treasury page here.