New York Suspends Gas Tax for Rest of 2022

New York Suspends Gas Tax for Rest of 2022
The prices are dispalyed above the various grades of gasoline available at a Conoco station in Denver, on May 21, 2022. David Zalubowski/AP Photo
The Associated Press
Updated:
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New York cut the state’s gas taxes by 16 cents a gallon on Wednesday.

The tax cut is aimed to give New Yorkers a little break as gas prices hit record highs around the country.

The reprieve  will last until the end of the year Gov. Kathy Hochul said, with the state is asking counties to consider doing the same.

Gasoline across the country has either remained flat or risen every day since April 24 and has set a new record daily since May 10, AAA says. The price per gallon is now above $4 in all 50 states.

The national average for a gallon of regular-grade gasoline is nearly $4.60.

Adjusted for inflation, Americans are still paying less than they did in July 2008. The peak then would be about $5.24 a gallon in today’s dollars.