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Gas Prices Soar Nearly $1 In Month During Iran War: How NJ Costs Have Changed Gas Prices Soar Nearly $1 In Month During Iran War: How NJ Costs Have Changed
Gas Prices Soar Nearly $1 In Month During Iran War: How NJ Costs Have Changed Gasoline prices have risen nearly $1 nationwide in the last month as the US-Israeli war on Iran fuels global oil market turmoil. The national average price for gas climbed to $3.88 per gallon, AAA said on Thursday, March 19. That's up 95 cents from Thursday, Feb. 19, and a weekly increase of 28 cents. The price surge is expected to continue after Israel launched a widespread attack on South Pars, the world's largest gas field, triggering retaliation from Iran targeting key energy sites across the Gulf Arab states. Brent crude oil, a global benchmark, spiked to $112 per barrel…

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by Chris Spiker
News
Gas Prices In NJ Are About To Jump: Here’s When And Why Gas Prices In NJ Are About To Jump: Here’s When And Why
Gas Prices In NJ Are About To Jump: Here’s When And Why New Jersey’s gas tax will rise by 4.2 cents per gallon come 2026. The increase follows a review of fuel consumption data and a required consultation with the Legislative Budget and Finance Officer in Trenton, the State Treasury Department announced. The change is tied to a 2024 law that gradually raises the Highway Fuel Cap from Fiscal Year 2025 through Fiscal Year 2029. The Fiscal Year 2026 cap is set at $2.115 billion, which is 4.1 percent higher than the previous level of $2.032 billion, officials said. “Due to the new statutory target, and because actual consumption has trended below l…

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by Cecilia Levine
Business
Inflation Holds Steady, Grocery Prices Drop As Trump's Trade Policies Cloud Outlook Inflation Holds Steady, Grocery Prices Drop As Trump's Trade Policies Cloud Outlook
Inflation Holds Steady, Grocery Prices Drop As Trump's Trade Policies Cloud Outlook Inflation was relatively flat as President Donald Trump's sweeping tariffs went into effect in April, with lower grocery prices helping keep overall costs in check. Monthly inflation increased just 0.2% from March, the Bureau of Labor Statistics said on Tuesday, May 13. Consumer prices rose 2.3% from April 2024, the smallest yearly inflation since February 2021. The annual inflation number was slightly below the 2.4% Dow Jones forecast, CNBC reported. Wall Street didn't react much to the consumer price index (CPI) data, with stocks and Treasury yields staying relatively unchanged when …

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by Chris Spiker
Business
Trump Lies About $1.98 Gas: See Where That Number Likely Came From Trump Lies About $1.98 Gas: See Where That Number Likely Came From
Trump Lies About $1.98 Gas: See Where That Number Likely Came From President Donald Trump says gas is down to $1.98 a gallon, but that number doesn't exist at any pump in the country. In early May, Trump has repeatedly claimed gas has fallen below $2 a gallon. He made the claim in the White House, social media posts, and during an interview with NBC's Meet the Press on Sunday, May 4. Trump also said gas was $1.98 a gallon when speaking with ABC News on Tuesday, April 29, at the end of his first 100 days back in the Oval Office. "So now, if you look at what's happened, energy is down," Trump said. "Gasoline hit $1.98 in a few states during the last co…

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by Chris Spiker
News
Thought Going Electric Saved You Money? PA, NJ Just Dropped New Fees On EV Drivers Thought Going Electric Saved You Money? PA, NJ Just Dropped New Fees On EV Drivers
Thought Going Electric Saved You Money? PA, NJ Just Dropped New Fees On EV Drivers Thought going electric meant beating the system? Pennsylvania and New Jersey have other plans. Both states are now apparently charging electric and plug-in hybrid drivers new annual fees to help make up for lost gas tax revenue. In Pennsylvania, the Road User Charge (RUC) kicked in on April 1, 2025, after being signed into law by Governor Josh Shapiro last year, according to PA.gov. Here’s what drivers are paying: EV owners: $200 in 2025, rising to $250 in 2026 Plug-in hybrid owners (PHEVs): $50 in 2025, rising to $63 in 2026 Drivers opting for two-year registration will pay double those…

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by Cecilia Levine
Business
Expect To Pay More For These Items As Trump Tariffs Take Effect Expect To Pay More For These Items As Trump Tariffs Take Effect
Expect To Pay More For These Items As Trump Tariffs Take Effect US tariffs on goods from its three largest trading partners -- neighboring nations Canada and Mexico as well as China -- have gone into effect as of midnight Tuesday, March 4. Canada and Mexico have been slapped with 25 percent tariffs. The rate for China, America's main economic rival, is 20 percent.  Mexico and Canada account for about 70 percent of US crude oil imports. Earlier Report: Stocks Plummet After Trump Says Tariffs On Canada, Mexico Will Start, Igniting Trade War Fears Now, many economists are warning that American consumers will be paying more for a host of staple ite…

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by Joe Lombardi