“With the price of gasoline expected to rise close to $5 per gallon this summer, I am especially concerned about the effects of this for our communities on the East End. Unfortunately, the State Budget delivered little tax relief for the hardworking men and women of this state, but there is no doubt that New Yorkers need relief, and our plan to stop collecting these taxes will deliver some of that much-needed relief. Although temporary, it is a good start toward protecting taxpayers – and Suffolk County’s tourism-based economy – and I am hopeful that the Legislature will immediately consider this legislation,” stated Thiele.
Members of the Assembly Minority Conference as well as Mike Elmendorf, New York State Director of the National Federation of Independent Business, joined Thiele at today’s press conference to announce their plan that will suspend the three state taxes on gasoline. Their plan will provide New York State motorists with an estimated savings of 32 cents per gallon of gasoline. The savings comes from the temporary elimination of the state’s 8-cent sales tax, the 8-cent motor fuel tax and the 16-cent Petroleum Business Tax from Memorial Day until Labor Day.
Assemblyman Thiele has long been a fighter to reduce the cost of gasoline. In 2006, he led the cause to cap the state’s sales tax on motor fuels and he fought hard against the former Governor’s plan to raise the cost of gasoline during this year’s budget negotiations. Thiele has also fought for enactment of his legislation to end motor fuel price gouging in Suffolk County. His comprehensive plan will cut taxes on New York State motorists and help alleviate the burden on the year-round residents who live on the Island’s East End.
Specifically, his legislation, Assembly Bills A.2641 and A.0386, will prohibit “zone pricing” on motor fuels and open up a wholesale gasoline market to create greater competition among retailers, respectively.
“Current gasoline prices in our community are as much as 25 cents higher than any other place on Long Island. I firmly believe that fuel prices should be set by the actual cost of the fuel, not by the competition in the market or, in our case on the East End, lack thereof. My plan will open the field for a better market and pass along the savings directly to consumers,” commented the Assemblyman.