Trenton: Along with all the other ideas Murphy has to balance the budget, raising the gas tax is an easy one. This decision stems from a 2016 law enacted by Chris Christie which requires the state fund to maintain a $2 Billion program. Effective October 1 2020 the gasoline tax will rise 22 percent to $0.507 per gallon; it sits at $0.414 currently.
Murphy raised the gasoline tax in 2018 by around 10%, and it stayed flat in 2019. Much of the need to raise the tax is due to current gasoline consumption habits from COVID. Between March and May 2020 people drove far less, which meant less gallons of gas purchased and less tax for New Jersey.
Oh, and don’t forget the Garden State Parkway and NJ Turnpike toll hikes coming this month or next! Thanks Murphy!