Gas station owners argue the move would help ease a labor shortage and bring prices down, but drivers and politicians are wary of changing the practice.
New Jersey drivers are looking for price relief, with a gallon of gasoline costing an average of $3.43 these days, according to GasBuddy.
Gas stations had to clear out inventory bought at the old tax rate and don't get refunds on it. Now higher crude oil and wholesale prices will negate any drop.
One New Jersey lawmaker says if his proposal moves forward the cost of a gallon of gas could be slashed 20 to 40 cents a gallon depending on how high prices go
The new gas prices in NJ are lower than the $5.05 seen in June 2022. And gas stations will soon switch to the cheaper winter blend of gasoline
Gas prices in New Jersey and around the nation continue to drop as the usual decline in demand after Labor Day helps to ease prices at the pump.
Gas prices will be cut at 75 New Jersey stations by as much as 20 cents a gallon Friday to build support to allow self-service gas in the state.
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Gas prices are spiking, and the increase in New Jersey this month has been 1.7 cents more than nationally, despite an 8.3 cent cut in the state gas tax.
"We are more buffered from those [price] changes," Balmaceda said. "But not totally independent." The good news on NJ gas prices?:Unfortunately, there isn't any in the weeks ahead The...