TRENTON, N.J. - New Jersey’s gas tax is going up 9.3 cents a gallon, a roughly 22% increase.The increase to 50.7 cents a gallon from 41.4 cents goes into effect on Thursday.
It stems from a 2016 law that requires the state fund supporting bridge and road infrastructure maintain a $2 billion program annually.
It also requires an annual adjustment to the fuel tax if receipts don’t meet that level.Get ready to pay more at the pump. FOX 29's Jennifer Joyce reports.Treasurer Elizabeth Muoio said gasoline consumption dropped about 39% from March to May — coinciding with the COVID-19 outbreak — and leading to a drop in receipts for the fuel tax.It’s the third year Murphy, a Democrat elected in 2017, has had to review the gas tax.