Empire State Also Slashes Gas Taxes

On June 1, Gov. Kathy Hochul announced a gas tax holiday. Beginning June 1, the tax holiday will last December 31.

New York's "tax holiday" lowered the price of 87 octane petrol by 23 cents .

Gov. Kathy Hochul said the motor fuel excise tax, state sales tax, and Metropolitan Commuter Transportation District sales tax "holiday" will last through the end of the year.

"Fuel prices have soared in recent months, harming everyone" Hochul said. By deferring certain fuel taxes for seven months, New York provides $609 million in direct aid to New Yorkers

“We will continue to take aggressive action to reduce the economic burden on New Yorkers and put money back in their pockets,” the governor said.

In addition to the statewide holiday, Cattaraugus and Allegany counties have capped sales tax on gas and fuel.

Allegany and Cattaraugus counties collect tax only on the first $3 per gallon of gas and diesel, regardless of the pump price.

87 octane was just under $4.80/g at most Olean outlets to start the week; it was just under $4.57/g on 1st June.

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