Today gas prices in New York State will drop by 16 cents a gallon. So if you fill your tank with 20 gallons of gas you'll pay $3.60 less for the tank full of gas. New York's average price per gallon was about $4.93 per gallon as of yesterday. So the state gas tax holiday adds up to about a 3 percent savings. That's it. The gas tax will return January 1st 2023. Even with the 16 cent discount the price of gas in New York will still be higher than the national average of $4.62. Meanwhile, the state will loose millions of dollars that should go to maintaining roads and bridges. Seems like a short term gimmick to me.
Source: Record on line
Photo: Getty Images