NJ Gas Prices Fall 4.3 Cents

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STATE – Average retail gasoline prices in New Jersey have fallen 4.3 cents per gallon in the past week, averaging $3.42 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 4.5 cents per gallon in the last week to $3.54 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 38.1 cents per gallon lower than the same day one year ago and are 1.4 cents per gallon lower than a month ago. The national average has decreased 2.7 cents per gallon during the last month and stands 31.6 cents per gallon lower than this day one year ago.

“The national average has seen some downward direction in the last week, but the best is likely yet to come,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

“While there certainly are a few issues that could impact gasoline prices on our plate, the switch over back to winter gasoline has begun, and I do expect that gas prices may continue to move downward this week for most of the United States. California, however, does have some recent refining kinks that may mean it joins the lower price party a bit later, but by Halloween, my expectation is the national average will stand five to fifteen cents per gallon lower than where it is today,” DeHaan said.

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