New Jersey fuel prices dropping

Average retail gasoline prices in New Jersey have fallen 6.0 cents per gallon in the past week, averaging $2.08/g yesterday, according to GasBuddy’s daily survey of 3,525 gas outlets in New Jersey.

This compares with the national average that has fallen 6.7 cents per gallon in the last week to $2.33/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in New Jersey during the past week, prices yesterday were 116.2 cents per gallon lower than the same day one year ago and are 28.7 cents per gallon lower than a month ago.

The national average has decreased 32.9 cents per gallon during the last month and stands 106.2 cents per gallon lower than this day one year ago.

“With the start of fall, gasoline prices have continued a fall of their own,” said Patrick DeHaan, GasBuddy senior petroleum analyst. “Crude oil prices fell some $2 per barrel last week, and there continues to be downward pressure on oil prices, which in turn will continue to weigh on the nation’s average gasoline price.”

“The long mentioned switch back to simpler-to-produce winter gasoline will take effect Thursday, as EPA discontinues seasonal requirements across areas of the U.S. effective September 16,” he said. “Countrywide, 49 of 50 states saw gas prices decline last week, with Ohio the only state to see a slight rise.”

“The Great Lakes led decliners, while every state saw at least a change of 2.5 cents a gallon. In the week ahead, widespread gasoline price declines will continue, especially in light of the switch over to cheaper winter fuel in many areas,” DeHaan said.

For a complete listing of current averages and other fuel price data, visit http://media.gasbuddy.com. For fuel news and alerts, follow @GasBuddyNews on Twitter.

GasBuddy is the premiere source for real-time local gas prices.

Founded in 2000, GasBuddy.com developed as an initiative to provide consumers access to local, current gas prices.


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