Steve Fulop on Energy & Oil

	Steve Fulop on Energy & Oil

A proven track record of moving towards renewable energy

A Fulop Administration will continue to build on the success of the Murphy Administration's commitment to offshore wind and would be fully committed to providing support for New Jersey's goal of 11,000 megawatts of offshore wind generation of clean, renewable electricity by 2040. New Jersey is perfectly positioned to build the nation's largest network of responsibly developed offshore wind projects and Mayor Fulop has a proven track record of moving towards renewable energy in Jersey City. Source: 2025 New Jersey Governor campaign website StevenFulop.com , Feb 25, 2025

Variable rate gas tax with automatic inflation increase

We have seen discussions of a "tax fairness" compromise, which would allow for a decrease in taxes to the wealthy in exchange for an increase in the gas tax. However, "tax fairness" shouldn't be about trading one tax for another, but rather should ensure that everyone pays their fair share. The gas tax solution is essentially a user fee for motorists who use our roads and bridges the most. It is a means by which drivers from neighboring states pay their fair share for using our highways.

A variable-rate structure means that when gas prices increase, the per-gallon tax that motorists pay at the pump will decrease, so that the amount that consumers pay will remain relatively stable. This both protects consumers and our state's economy from the tax burden that is caused by fluctuating gas prices. Additionally, it is important that our state's gas tax solution is tied to the inflation rate to allow the tax rates to adjust accordingly without legislative action.

Source: OpEd by Fulop for 2017 New Jersey Gubernatorial race , May 20, 2016

Gas tax is essentially a user fee for motorists

Source: Asbury Park Press on 2017 New Jersey gubernatorial race , May 20, 2016

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