Gas Prices Going Down, But Still Remain High

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STATE — Average retail gasoline prices in New Jersey have fallen 3.1 cents per gallon in the past week, averaging $3.71 per gallon yesterday, according to gasoline price website NewJerseyGasPrices.com. This compares with the national average that has fallen 3.3 cents per gallon in the last week to $3.81 per gallon.

Including the change in gas prices in New Jersey during the past week, prices yesterday were 11.7 cents per gallon lower than the same day one year ago and are 1.4 cents per gallon higher than a month ago. The national average has decreased 8.6 cents per gallon during the last month and stands 10.4 cents per gallon lower than this day one year ago.

“Unsurprisingly, the average price for a gallon of regular self-serve continues to drop in a majority of communities across the United States,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

“The national average now stands nearly 10-cents per gallon lower than the same date a year ago, but will we hear an end to complaining about gasoline prices at the pump? Perhaps the rhetoric will wind down, but with summer around the corner, any sudden increase in price of gasoline will have Americans virtually calling for the heads of politicians in November,” DeHaan said.


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