The flip of the calendar to June and the start of New York’s new budget cycle means the state’s 16-cents a gallon tax on gasoline is now suspended through December.

According to Triple-A, the average price of gas May 31 in Binghamton was $4.884 a gallon for regular.  Early in the morning of June 1, the listed price at some local stations had already been rolled back to $4.67.

Traci Taylor/TownSquare Media
Traci Taylor/TownSquare Media

In addition to the suspension of the state tax on gas, Broome County has placed a cap on the price at which local tax is collected at three dollars a gallon.

Assemblywoman Donna Lupardo, who supported the suspension of the state gas tax to try to counter soaring gas prices linked to higher demand, the war in Ukraine, inflation and even price gouging, says just the state portion was expected to save New York motorists over $585-million.  The Endwell Democrat says with Broome’s tax cap, gas will cost about 20 cents per gallon less in Broome County.

According to the New York State Department of Taxation“retail sellers of motor fuel and highway diesel motor fuel must exclude the excise tax and New York State sales tax from the prices of these fuels at the pump.”

LOOK: See how much gasoline cost the year you started driving

To find out more about how has the price of gas changed throughout the years, Stacker ran the numbers on the cost of a gallon of gasoline for each of the last 84 years. Using data from the Bureau of Labor Statistics (released in April 2020), we analyzed the average price for a gallon of unleaded regular gasoline from 1976 to 2020 along with the Consumer Price Index (CPI) for unleaded regular gasoline from 1937 to 1976, including the absolute and inflation-adjusted prices for each year.

Read on to explore the cost of gas over time and rediscover just how much a gallon was when you first started driving.

LOOK: See the iconic cars that debuted the year you were born


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