News

Actions

Why aren’t gas prices dropping?

Posted

On July 1st, the new state gas tax went into effect.

The flat 17.5 cents per gallon of gas tax has been replaced by a wholesale tax of 3.5 percent, which should reduce the price of gas by about 6 cents.

So why didn’t we see the changes immediately?

Officials say the gas currently being sold at the pump was bought before midnight on July 1st. So it will take a few days before the new gas makes its way into the system.

That means one station could see a drop in prices while across the street, things haven’t changed.