New York’s gas tax holiday begins Wednesday, nominally cutting the price of a gallon of regular unleaded by 16 cents — but don’t assume your gas will necessarily be 16 cents cheaper tomorrow.
An early April budget deal suspended portions of the state’s gas tax from June 1 to Dec. 31, a move a numbers of states have made as fuel prices soar to crippling heights.
Gas hit an all-time high of $4.934 a gallon in New York on Wednesday, according to AAA – about 15% higher than when the tax holiday was passed into law.