NJ Gas Prices End The Year On The Rise

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fuel gage smallSTATE — Average retail gasoline prices in New Jersey have risen 2.9 cents per gallon in the past week, averaging $3.30 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 4.9 cents per gallon in the last week to $3.29 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 1.9 cents per gallon lower than the same day one year ago and are 5.9 cents per gallon higher than a month ago. The national average has increased 4.0 cents per gallon during the last month and stands 2.2 cents per gallon higher than this day one year ago.

“The sub $3/gallon gas was great while it lasted, but unfortunately it has nearly completely dried up,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

“As of late Sunday night, zero states were seeing their averages under $3/gallon. As the New Year rolls in, this is a type of trend that we’re used to seeing. The bottom is behind us and prices generally begin the New Year on a higher note, like they will again this year. The trend won’t last forever though, as January and February feature generally weak demand that should limit increases and keep prices relatively moderate for the next month or two,” DeHaan said.


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