N.J. gas tax rate to increase by 4.2 cents per gallon starting Jan. 1, state Treasury says

New Jersey’s gas tax rate will increase by 4.2 cents per gallon starting Jan. 1 because of a state law that collects tax revenue to pay for transportation infrastructure, the state Department of the Treasury announced. The N.J. Transportation Trust Fund Authority Act allows for annual tax adjustment to fund road projects and NJ Transit capital needs through 2029. The increase will adjust the tax of gasoline to 49.1 cents, and 56.1 cents for diesel fuel.

From NJ Spotlight News.