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 piggy bank legislators have raided so much over the years that state Comptroller Thomas DiNapoli has warned critical highway and bridge projects are going unfunded.
Don’t get me wrong, I’m still grateful I’m filling my car for less than 40 bucks these days, but it would still be nicer to see some sub-$2 gas prices around here. We haven’t seen that since 2009.
Who knows? AAA also says U.S. average gas prices have now broken the record for the longest streak of daily price declines after falling 88 days in a row. And with crude oil prices continuing to decline, maybe even lower prices are something we can look forward to in the new year.
What are the best prices you’re seeing out there today? Tweet a pic to @meagmc