Meaghan M. McDermott, Staff writer 9:41 p.m. EST December 22, 2014
While some gas customers in Missouri and Oklahoma are paying less than $2 a gallon today, AAA tells me the average price in New York is about $2.88.
That’s nearly a half-dollar more than the national average of $2.39.
The answer to why gas costs more here won’t come as much of a surprise for anyone who’s lived in New York for very long: the taxes, of course.
How much tax, you wonder?
Here’s the breakdown, according to the American Petroleum Institute.
- ·8.5 cents, state excise tax
- ·42.2 cents, other state taxes/fees
- ·18.4 cents, Federal excise taxes
That’s a grand total of approximately 69 cents per gallon, or about a quarter of the $2.88 you’re paying right now.
And, about 8 cents of that is going into the state’s Dedicated Highway and Bridge Trust Fund, a…
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