New York State Pays Most For Gas Despite Falling Prices…

Gas prices have been dropping in recent weeks, and are the lowest they've been in years. Yet residents of New York are still paying more than the rest of the country.

A big reason that New Yorkers are paying more is because NY has about 7 different state taxes, that add up to about .45 cents per gallon.

As of Wednesday, the average price per gallon in NewYork state was $2.70, when the national average is $2.19 per gallon. The only states that have higher prices are Alaska and Hawaii.

We pay about .64 cents per gallon in taxes, where the national average is 49.28 cents, according to the National Petroleum Institute.

According to AAA, and reported by The Poughkeepsie Journal, here is a breakdown of all the different gas taxes for New York State:

Taxing totals

NYS Excise Tax: 8 cents

NYS Petroleum Business Tax: 17.8 cents

NYS Fuel Quality Testing Tax: .05 cents

NYS Oil Spill Fund: .0196 cents

State Sales Tax: 8 cents

The Metropolitan Commuter Transportation District — including NYC and the Hudson Valley — surcharge: .75 cents

Local Sales Tax: 10.88 cents

Total State Taxes: 45.49 cents

Federal Taxes: 18.63 cents

Federal and State Tax Combined: 64.12 cents

Read More: Here

Meanwhile, the average price per gallon in New Jersey is $2.19, and $2.57 in Pennsylvania

Pretty sad that we have to cross a state border to get cheaper gas.