Gas Prices Continue Autumn Decline

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fuel gauge on emptySTATE- Average retail gasoline prices in New Jersey have fallen 6.1 cents per gallon in the past week, averaging $3.21 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 4.2 cents per gallon in the last week to $3.38 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 55.3 cents per gallon lower than the same day one year ago and are 25.7 cents per gallon lower than a month ago. The national average has decreased 21.4 cents per gallon during the last month and stands 41.9 cents per gallon lower than this day one year ago.

“The national average has continued its decline which has been continuing for 34 consecutive days,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

“And the odds are very good that prices will continue to decline in most areas in the week ahead. Perhaps most notable at this point of decline is how much cheaper gas prices stand versus the same date last year, with motorists realizing prices that are 50 cents or more lower. Much of the difference can be blamed on more active Atlantic waters last year that brought more storms than what we’ve seen this year,” DeHaan said.


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