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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
America's Average Gas Price Hits Record High Of $4.67 America's Average Gas Price Hits Record High Of $4.67
America's Average Gas Price Hits Record High Of $4.67 The nationwide average price for gas has reached a record high of $4.67 per gallon, according to a report from AAA.  This trumps the average price for regular gas a year ago, which was only $3.04, the report says.  The price went up by 48 cents alone in the past month alone. To put that into perspective, it costs 32% more to fill up one's tank than on the day before Russia invaded Ukraine, WJZ reports.  Each state's average price is $4.15 or higher with George having the lowest at $4.16, the outlet reports. Click here for more from AAA.

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by David Cifarelli
News
Biden Tapping US Petroleum Reserve To Relieve Pump Prices Biden Tapping US Petroleum Reserve To Relieve Pump Prices
Biden Tapping US Petroleum Reserve To Relieve Pump Prices US President Joe Biden will be tapping the country's petroleum reserves in an effort to save American drivers some cash. One million barrels of oil a day will be released for six months, totaling180 million barrels, from the Strategic Petroleum Reserve (SPR). The soaring gas prices are in part caused by the US ban on oil imports from Russia due to its Ukrainian invasion. The national average for a gallon of gas had fallen to $4.18 as of April 4. Gas price comparisonAAA “The upward push on oil prices caused by Russia’s war in Ukraine is meeting stronger downward pressure from the plann…

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by Cecilia Levine
News
Why Is Gas So Expensive? NJ Congressman Demands Answers From Oil Companies Why Is Gas So Expensive? NJ Congressman Demands Answers From Oil Companies
Why Is Gas So Expensive? NJ Congressman Demands Answers From Oil Companies Oil companies are placing profits ahead of the American people despite their overwhelming support of Ukrainians after the invasion by Russia, a US congressman says. Rep. Frank Pallone Jr., a New Jersey Democrat, accused oil companies of jacking up the cost of gas just when Americans are paying record prices at the pump. The chairman of the House Energy and Commerce Committee, in a letter to the largest oil and gas producers, said there are ample approved drilling spots to meet production needs. Pallone asked the executives of BP, Chevron, Devon Energy Corporation, ExxonMobil, Pioneer Natur…

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by Jon Craig
News
Russia-Ukraine Conflict Has NJ's Gas Prices Hovering Just Below $4 Russia-Ukraine Conflict Has NJ's Gas Prices Hovering Just Below $4
Russia-Ukraine Conflict Has NJ's Gas Prices Hovering Just Below $4 Gas prices in New Jersey are skyrocketing due to Russia's invasion of Ukraine, hovering just under $4 a gallon. The national average for a gallon of regular gas shot up 11 cents to $3.72 as of Wednesday since Monday, AAA reports. Surging oil prices will likely cause the price at the pump to climb even higher, experts say. Have #gasprices spiked where you live? 🚀 😳 Yesterday alone we saw the national average price of gas rise almost 6¢/gal. — GasBuddy (@GasBuddy) March 3, 2022 West Texas Intermediate climbed to $7.19, settling at $110.60 by the end of Wednesday's formal trading session…

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by Cecilia Levine
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