The temporary tax cap on gasoline sold in Broome County that went into effect last June has run its course and motorists are keeping a close eye on prices.

County lawmakers had put a cap on the local gasoline tax above three dollars a gallon. The move, which was approved in late April, occurred as pump prices were soaring after Russia invaded Ukraine. The tax cap expired Thursday.

New York state stopped imposing a 16-cents-a-gallon gas tax on June 1. That "tax holiday" is scheduled to end December 31.

County Executive Jason Garnar told WNBF News that gas prices were approaching $5 a gallon when the tax cap took effect. He said the lowest price in Broome County now is around $3.50 a gallon.

Garnar said the county was "able to take the budget hit" for the temporary tax cap because its sales tax revenues were up compared to a year earlier.

The county executive said Broome was expected to lose between $1.5 million and $2 million as a result of the six-month gasoline tax break.

Some state lawmakers want New York to extend its gas tax suspension. Republican Senator James Tedisco has called for a special session of the legislature to permanently cap and suspend the state sales tax on gasoline.

Governor Kathy Hochul has not said whether she would support such a move.

 

Enter your number to get our free mobile app

Contact WNBF News reporter Bob Joseph: bob@wnbf.com or (607) 545-2250. For breaking news and updates on developing stories, follow @BinghamtonNow on Twitter.

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: The top holiday toys from the year you were born

With the holiday spirit in the air, it’s the perfect time to dive into the history of iconic holiday gifts. Using national toy archives and data curated by The Strong from 1920 to today, Stacker searched for products that caught hold of the public zeitgeist through novelty, innovation, kitsch, quirk, or simply great timing, and then rocketed to success.

LOOK: 50 images of winning moments from sports history

Sometimes images are the best way to honor the figures we've lost. When tragedy swiftly reminds us that sports are far from the most consequential thing in life, we can still look back on an athlete's winning moment that felt larger than life, remaining grateful for their sacrifice on the court and bringing joy to millions.

Read on to explore the full collection of 50 images Stacker compiled showcasing various iconic winning moments in sports history. Covering achievements from a multitude of sports, these images represent stunning personal achievements, team championships, and athletic perseverance.

More From WNBF News Radio 1290 AM & 92.1 FM