Wednesday, February 28, 2024
HomenewsThe Cost of Living in the Tri-state Area of New York, New...

The Cost of Living in the Tri-state Area of New York, New Jersey, and Connecticut is Rising.

At least among those of us in the tri-state area, the secular New Year has been met with some grumbling.

In New York, the cost of fuel, electricity, and natural gas is rising.

After being exempt for seven months, New York’s fuel tax returned to its regular rate of 33 cents a gallon at the start of the new year.

Additionally, there is a state-level sales tax of 8%.

This week, tolls on the Garden State Parkway, the Atlantic City Expressway, and the New Jersey Turnpike all went up in that state.
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The typical toll for passenger vehicles on the New Jersey Turnpike is going up from $4.95 to $5.10. On the other hand, the cash toll for a passenger car between Edison (Interchange 10) and Newark (Interchange 14) is increasing from $5.65 to $5.85, while the E-ZPass toll during rush hour is increasing from $5.62 to $5.79. The off-peak E-ZPass fare is going up from $4.22 to $4.35.

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The off-peak E-ZPass toll charge on the Port Authority of New York and New Jersey’s bridges and tunnels will increase from $11.75 to $12.75 on January 8.

Tolls paid with an E-ZPass during rush hour will increase to $14.75 from the current $13.75. The current cash toll rate of will increase to on January 1, 2019.
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As a result of the increase in fuel taxes in Connecticut, the cost of a gallon of gas went up by 2.8 cents, to a total of five cents.

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There were a nine cents per gallon increase in the cost of diesel. These increases are necessary as of May 1st when the state plans to fully implement a 25-cent excise tax on gasoline.

Gas and Electricity Prices Are Going Up, Too

The cost of groceries, gas, and electricity has all gone up, adding to the difficulties New Yorkers already face.

Costs associated with using electricity are expected to rise by more than 30 percent.

However, there is hope for those who are having trouble paying the rising costs this winter: Approximately 31,500 New York households that do not qualify for the Home Energy Assistance Program (HEAP) or other subsidies will receive a one-time donation of $6 million from National Grid.

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Natural gas users were expected to grow by 39%, and customers across all of upstate New York by 22.5%, according to projections made by National Grid.

National Grid spokeswoman Patrick Stella said, “[We] will strive to support those kinds of consumers who just don’t make the cut-off for the federal programs and things like that.” It’s a little part of what we’re doing to support those customers who may have financial difficulties this winter.


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