Rochester, NY: Why gas prices remain high here – Rochester gas prices among highest in state, country

a12iggymom's Blog

Meaghan M. McDermott, Staff writer 9:41 p.m. EST December 22, 2014
635548483818030088-Gas-pump

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…

View original post 140 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s