x
Breaking News
More () »

Not all gas stations will lower prices on Friday

The gas tax holiday will run from April 1 to June 30. The state’s 25 cent per gallon gas tax will be lifted during that period.

CROMWELL, Conn — The Connecticut gas tax holiday starts Friday when the price at the pump will be 25 cents cheaper as the state’s gas tax is lifted for three months.

Some gas stations, however, may not reflect the updated price on day one. The price reduction starts from the wholesaler on April 1. That’s when the retailer will reflect the price, but if stations purchase gas before the start of the month, they can wait until that supply is gone before lowering prices.

Kevin Curry, owner of 19 Teddy’s Stores in Connecticut, says this may have a bigger impact on the smaller stations.

RELATED: Gov. Lamont signs 25-cent gas tax bill into law

“We’re big enough where we can handle it and take care of it. The smaller guy is the guy that always gets hurt the most,” he said.

The law passed the legislature and was signed by the governor last week. It was unanimously approved in the House of Representatives and Senate.

Curry said, even with already purchased fuel in the ground, they are going to lower their prices Friday. Others may not if they do not want to reap the money already spent.

Sign up for the FOX61 newsletters: Morning Forecast, Morning Headlines, Evening Headlines

“Some go through a load every day, some go through a load once a week,” Curry said.

If a station runs out before April 1, they could wait to get a new shipment. Michael Fox with the Gasoline and Automotive Service Dealers of America said they are advising places not to do that.

The cut does not include diesel fuel. 

RELATED: Lamont's proposed gas tax cut might not be much help to diesel truck drivers

“There’s no guarantee you’re going to get that delivery,” he said.

He said if stations across the state also do that, while a majority would, there’s no way they could all get fueled on the same day. He said it would be ‘chaos.’

The executive director said this is a win-win for customers but can be a financial burden for the retailers.

Credit: FOX61
Gulf gas station in Cromwell with unleaded gas price at $4.07. Starting April 1st, the state's gas tax holiday begins lifting the $.25 gas tax.

“Our costs have gone up from $20,000 for a load of gasoline to almost $60,000,” Fox said.

The wholesale price day of purchase can also impact how much a driver pays at the pump. Curry said he’s seen the price change between twenty and thirty cents either way since the start of the war between Russia and Ukraine.

If the price is $4 on March 31st and $4.25 April 1st, drivers would likely pay the same price at the pump.

Tony Black is a multi-media journalist at FOX61 News. He can be reached at tblack@fox61.com. Follow him on FacebookTwitter and Instagram.

Have a story idea or something on your mind you want to share? We want to hear from you! Email us at newsteam@fox61.com

HERE ARE MORE WAYS TO GET FOX61 NEWS

Download the FOX61 News APP

iTunes: Click here to download

Google Play: Click here to download

Stream Live on ROKU: Add the channel from the ROKU store or by searching FOX61.

Steam Live on FIRE TV: Search ‘FOX61’ and click ‘Get’ to download.

FOLLOW US ON TWITTERFACEBOOK & INSTAGRAM

Before You Leave, Check This Out