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New York Suspends Gasoline Tax

DISTILLATES

New York became the latest state to suspend gasoline tax to try an offer relief to drivers at the pump. The suspension of the 16 cents per gallon tax runs from June 1 to the end of the year.

  • The national average for a gallon of gas hit $4.62 for regular unleaded gas on May 31.
  • In New York, gas prices hit a record in late May as well at $4.93 a gallon before easing slightly.
  • Other states suspending gas taxes in some form: Connecticut, Georgia, Maryland, Michigan and Florida.

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