NJ Gas Prices Finally Start Going Down

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STATE — Average retail gasoline prices in New Jersey have fallen 6.2 cents per gallon in the past week, averaging $3.74 per gallon yesterday. This compares with the national average that has fallen 4.3 cents per gallon in the last week to $3.81 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 34.8 cents per gallon higher than the same day one year ago and are 12.0 cents per gallon higher than a month ago. The national average has increased 8.8 cents per gallon during the last month and stands 29.0 cents per gallon higher than this day one year ago.

“The national average has begun to drop nicely over the last week, and while it certainly doesn’t feel like much, it is noteworthy,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Oil prices were all over the map last week, closing in on $100/bbl one day and dropping to $92/bbl later in the week. I’ve probably had more double takes watching oil prices in the last week than I’ve had all summer,” DeHaan said.

 


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