NJ Gas Prices Show Slight Decline

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STATE – Average retail gasoline prices in New Jersey have fallen 1.1 cents per gallon in the past week, averaging $3.38 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 fallen 1.5 cents per gallon in the last week to $3.64 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 8.1 cents per gallon lower than the same day one year ago and are 10.2 cents per gallon higher than a month ago. The national average has increased 13.1 cents per gallon during the last month and stands 3.1 cents per gallon higher than this day one year ago.

“While the national average has given up some ground to start the driving season, motorists have certainly seen a lot of ups and downs in different areas of the country,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

“One thing remains the same throughout the United States, and that is we’re still reliant on oil refineries to process crude oil into gasoline. When they go partially offline whether expected or unexpected, there’s going to be tightness in gasoline supply, and that has an almost immediately impact at the gas pump,” DeHaan said.


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