NJ gas prices are trending down but experts are worried

July 6, 2022

Rutgers economist James Hughes said even if President Joe Biden is able to convince Congress to freeze the 18.4 cent a gallon federal gas tax for the next few months and Gov. Phil Murphy agrees to suspend the state gas tax (an idea he has rejected so far) “that would be a 10% reduction in price. I don’t think that’s a game-changer by any means.”

He said even in the best-case scenario, “it’s not going to be a major impact on people’s lives. I don’t think anybody is going to be happy.”

NJ1015.com, June 22, 2022

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