Gas Prices Down Slightly Despite Mideast Uncertainty

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STATE — Average retail gasoline prices in New Jersey have fallen 1.1 cents per gallon in the past week, averaging $3.46 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 2.3 cents per gallon in the last week to $3.59 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 26.8 cents per gallon lower than the same day one year ago and are 1.3 cents per gallon lower than a month ago. The national average has not moved during the last month and stands 22.3 cents per gallon lower than this day one year ago.

“Gas price limbo has continued for another week, with average prices across the United States virtually the same as they were a month ago,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

“Opening week for football certainly brought more excitement than we’ve seen at the gas pump lately, but one thing is for sure- with gas prices averaging 22-cents per gallon lower than last year, there’s a lot of extra hot dogs and beer that can be consumed instead of being redirected into the tanks of American motorists. While the situation in Syria bears further monitoring, and hurricane season remains on the radar, we’ve still seen prices continue to hold level. In fact, the cumulative yearly average for a gallon of gas stands at $3.57/gal, compared to one year ago when it was $3.62/gal, so while motorists feel this has been a bad year for gas prices, it hasn’t been as painful as 2012,” DeHaan said.

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