STATE — Average retail gasoline prices in New Jersey have risen 1.1 cents per gallon in the past week, averaging $3.28 per gallon yesterday, according to GasBuddy’s daily survey of 3,525 gas outlets in New Jersey. This compares with the national average that has increased 1 cent per gallon in the last week to $3.51 per gallon, according to gasoline price website GasBuddy.com.
Including the change in gas prices in New Jersey during the past week, prices yesterday were 39.6 cents per gallon lower than the same day one year ago and are 10.4 cents per gallon lower than a month ago. The national average has decreased 7.8 cents per gallon during the last month and stands 26.8 cents per gallon lower than this day one year ago.
“The national average has begun to tip-toe higher in the last week, led by states in the Great Lakes and West Coast where gasoline prices have crept up considerably in some areas over the last week,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.
“Oil prices have rebounded, and with the recent strength in stocks trickling over to commodities, I do expect retail gasoline prices to inch up in the weeks ahead. The biggest increases will be along the West Coast where gasoline supply remains at an ultra-tight status, but prices will also increase in many other areas, led higher by the rally in crude prices we’ve witnessed in the last week,” DeHaan said.
Connect with NJTODAY.NET
Join NJTODAY.NET's free Email List to receive occasional updates delivered right to your email address!