New Jersey motorists will receive a less-than-exciting New Year’s present: a gas tax increase. As of January 1, 2025, the state’s gas taxes increased by 2.6 cents a gallon.
Due to a bill signed earlier in the year by Gov. Phil Murphy, the fuel tax limit (the amount that can be legally charged on gas) has shot up from $1.948 billion to $2.032 billion. The limit will increase gradually until reaching $2.366 billion in 2029.
