Suffolk County's gas tax holiday has expired, but experts say that it might not mean an immediate rise in prices at the pump.
had been saving an estimated 3 to 4 cents per gallon. The tax break was in addition to a statewide tax suspension, set to expire at the end of the year, that was put in place to provide relief to drivers when prices were around $5 a gallon.
Petroleum analysts call it a confusing time. Even though the tax break is ending, drivers may not be paying more because gas prices are coming down."The wholesale price for gas has been plummeting in the last few weeks," said Patrick De Haan who is Head of Petroleum Analysis at GasBuddy. "Instead of seeing it at the pump, it’s going to be more behind the scenes increase that stations are going to have to pay more.
Kevin Beyer with Long Island Gas Retailers Association calls prices unpredictable and says it will be a waiting game.
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