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Less Pain At The Pump: NJ Gas Prices Drop From Last Year Less Pain At The Pump: NJ Gas Prices Drop From Last Year
Less Pain At The Pump: NJ Gas Prices Drop From Last Year Filling up your gas tank in New Jersey is becoming a little easier to stomach. According to AAA, the average price for a gallon of gas in New Jersey is now $3.21 — a whole dollar per gallon cheaper than this time last year.  The AAA survey also found that gas in New Jersey is slightly cheaper than it was last week and last month. AAA said recession fears have caused oil prices to remain steady even though spring sees more motorists hitting the road. Garden State residents can brag about having gas prices cheaper than their neighbors. The average price of a gallon of gas in Connecticu…

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by Sam Barron
Lifestyle
Pain At The Pump: Gas Prices Spike To New Record High In New Jersey Pain At The Pump: Gas Prices Spike To New Record High In New Jersey
Pain At The Pump: Gas Prices Spike To New Record High In New Jersey Memorial Day travel and rising oil costs have caused the price of gas in New Jersey to rise to record levels with no relief in sight for motorists. On Wednesday, June 8, the cost of gas per gallon rose to an average of $5.03 statewide, the highest recorded price since AAA began tracking such figures, according to the organization. The price is up one cent overnight, 26 cents from a week ago, and 58 cents from a month ago as the demand for fuel has risen while tensions overseas have limited the available supply.  On June 8, 2021, motorists were paying an average of $3.06 per gallon in New …

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by Zak Failla
News
Russian Invasion Of Ukraine Means Higher NJ Gas Prices Russian Invasion Of Ukraine Means Higher NJ Gas Prices
Russian Invasion Of Ukraine Means Higher NJ Gas Prices “Pain at the pump,” was a concern reporters pushed President Biden on during a press conference about the Russian invasion of Ukraine on Thursday. Although Biden urged the energy sector to not move prices, experts say the US is already feeling the pinch since tensions began to escalate between the two nations. “Any disruptions to oil flows from Russia in a context of low spare capacity in other regions could easily send oil prices to $120 (a barrel),” Natasha Kaneva, JPMorgan’s head of global commodities strategy, wrote in a report published earlier in February. Gas prices had already t…

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by Jillian Pikora
Lifestyle
AAA: Memorial Day Weekend Gas Prices Will Be Highest They've Been In Years AAA: Memorial Day Weekend Gas Prices Will Be Highest They've Been In Years
AAA: Memorial Day Weekend Gas Prices Will Be Highest They've Been In Years With millions of Americans set to hit the road for the Memorial Day holiday, prices are peaking at the pump. Drivers are set to pay the highest prices in seven years, according to AAA, following a gas shortage that impacted the East Coast when the Colonial Pipeline was temporarily shut down due to a cyberattack. Nationally, the average price of gas as of Wednesday, May 26 hit $3.04 per gallon, down one cent from a week ago, but up from $2.89 a month ago. A year earlier, the average price was $1.96 per gallon. According to AAA, the national average has stabilized following the Colonial Pip…

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by Zak Failla
News
With No Place To Go, You Might As Well Fill Up: NJ, NY, CT Gas Prices Continue To Drop With No Place To Go, You Might As Well Fill Up: NJ, NY, CT Gas Prices Continue To Drop
With No Place To Go, You Might As Well Fill Up: NJ, NY, CT Gas Prices Continue To Drop At a time when gas prices usually rise – especially in New Jersey, New York and Connecticut -- they’ve begun a steep drop, as the coronavirus forces airlines to slash the number of daily flights and civilians to drive drastically less. On top of that, Russia and Saudi Arabia are increasing production in a price war that has experts predicting that gas may soon cost less than the crude oil that it’s made from. New Jersey’s average gas price fell eight cents a gallon from last week to an average Monday of $2.36 (from $2.44), AAA Northeast reported. That’s 12 cents cheaper than a month ago (…

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by Jerry DeMarco
Lifestyle
Surge In Americans Who Expect To Buy Electric Cars, AAA Says Surge In Americans Who Expect To Buy Electric Cars, AAA Says
Surge In Americans Who Expect To Buy Electric Cars, AAA Says American drivers are going green, are you? With gas prices on the rise, a new study released by AAA found that demand for electric vehicles is on the rise, with 20 percent of Americans proclaiming their next car will be electric. The latest survey is an increase of 5 percent from last year. According to AAA, improved safety features, decreased ownership costs and increased driving ranges are driving consumers to electric cars. There is also less fears that the battery of an electric vehicle may run out of power mid-trip, the report states, noting that the prevalence of charging stations acr…

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by Zak Failla
Business
US Withdrawal From Iran Deal Sparks Concerns Of Gas Price Spike US Withdrawal From Iran Deal Sparks Concerns Of Gas Price Spike
US Withdrawal From Iran Deal Sparks Concerns Of Gas Price Spike Just as gas prices began leveling off, according to a AAA report, there is a new fear of a spike in prices following President Donald Trump’s decision to withdraw the United States from the Iran nuclear deal. Trump announced Tuesday afternoon not to waive sanctions on Iran, effectively terminating the United States’ participation in the Iran Nuclear Agreement which has prevented Iran from developing nuclear weapons since 2015. The withdrawal of the deal has led to fears that even as gas prices reach their highest national average in four years, they may spike, just in time for the busiest d…

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by Zak Failla
News
Gas Prices Reach Highest Point In Nearly Three Years, AAA Reports Gas Prices Reach Highest Point In Nearly Three Years, AAA Reports
Gas Prices Reach Highest Point In Nearly Three Years, AAA Reports There is no relief in sight for area motorists at the pump, as the national gas price average has hit its highest point since the summer of 2015, with prices now topping $3 an hour in much of the area. As of this week, national gas prices reached an average of $2.71 per gallon, four cents lower than the high of $2.67 from last year, and prices are only expected to keep rising, according to the latest report from AAA. The price is up 6 cents from a week ago, 18 cents from a month ago and 31 cents from a year ago. By the end of the summer, prices are expected to reach the highest total since …

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by Zak Failla
Business
Gas Prices To Rise This Spring, AAA Says Gas Prices To Rise This Spring, AAA Says
Gas Prices To Rise This Spring, AAA Says There is no relief in sight for drivers’ wallets at the pump, as gas prices continue to rise and should continue to do so well into the spring, according to AAA. For weeks, gas prices have slowly, but surely, continued to creep upward, to a national average of $2.52 per gallon, up eight cents from a month ago and nearly 25 cents a year ago, when the average was $2.30 per gallon. In a forecast released by AAA Northeast, the national average is expected to reach as high as $2.70 per gallon, the highest since the summer of 2015. A AAA spokesperson cited “a volatile marker, higher crude oil pri…

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by Zak Failla
Business
Gas Prices Rise For Sixth Straight Week Gas Prices Rise For Sixth Straight Week
Gas Prices Rise For Sixth Straight Week There is no relief in sight for drivers’ wallets at the pump, as gas prices continue to rise week-to-week as the price of crude oil fluctuates overseas. For the sixth straight week, gas prices have risen, up to an average of $2.61 per gallon, up from $2.49 a month ago and $2.26 a year ago. The average rose three cents since last week. According to a AAA New York spokesman, the price has been affected by multiple factors, including the price of crude oil overseas and an increase in demand nationwide. It also comes at a time when refineries begin the process of transitioning from a winter ble…

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by Zak Failla