Drivers in New Jersey will see some relief at the pump after long months of high prices.
New Jersey’s gas is scheduled to decrease by 8.3 cents a gallon beginning Oct. 1, 2021, the Treasury Department said Tuesday.
According to northjersey.com, state treasurer, Elizabeth Maher Muoio, said two factors led to the tax decrease; fuel consumption in the 2021 fiscal year — which ended June 30 — was “so closely aligned” with the agency’s projections, and consumption this fiscal year is projected to be above last year’s levels, so “our analysis of the formula dictates an 8.3 cent decrease this coming October,” she said in a statement.
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