NJ Gas Prices Dip To $3.45/g Average

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STATE — Average retail gasoline prices in New Jersey have fallen 1.2 cents per gallon in the past week, averaging $3.45 per gallon yesterday. This compares with the national average that has increased 0.4 cents per gallon in the last week to $3.50 per gallon, according to gasoline price website NewJerseyGasPrices.com.

Including the change in gas prices in New Jersey during the past week, prices yesterday were 18.4 cents per gallon lower than the same day one year ago and are 19.9 cents per gallon higher than a month ago. The national average has increased 12.1 cents per gallon during the last month but still stands 20.2 cents per gallon lower than this day one year ago.

“While motorists in many regions saw gasoline prices stabilize over the last week, it’s only a matter of time before last week’s rise in wholesale prices translates to a continued march higher on the retail level,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “The late week rally in stocks seemed to also fuel commodities higher, leading me to believe that pump prices will again pick up over the next week,” DeHaan said.

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