Motorists in New Jersey should be seeing lower prices at their gasoline stations, the Associated Press reports.
AAA-Mid-Atlantic spokesman David Weinstein says the average price for regular is $3.92 a gallon Friday. That’s down two cents from Thursday and eight cents from the state record of $4 a gallon that was set on July 8.
New Jersey’s highest average price is now $3.95 in Bergen and Passaic counties. Burlington, Camden and Gloucester counties have the lowest, $3.87.
The prices pale compared to the state’s lowest for the year of $2.82 set on Feb. 15.
The average price of gasoline in New York is $4.25 a gallon and $3.99 in Pennsylvania.
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11 Responses
Outside the Holland Tunnel on Tonelle Ave there is gas for 3.75 or lower for cash paying customers.
Mobil at Divine Corners (on Rt. 52 between Loch Sheldrake and Liberty) has gas for 3.79 for cash or credit.
3.79 in lakewood
I drive around the state a lot and I have seen the following prices:
Despite what the story said, generally prices in south Joisy (Lakewood, Trenton, Camden areas) have been running at least 5-10 cents more a gallon than in North Jersey (Passaic, Bergen, Essex Counties) .
I also make it a point NOT to patronize any places that charge more for credit (which happens to be illegal according to the CC companies) and I try to thank the attendants when I fill up.
Gas is 3.79 at the Mobil station in Loch Sheldrake. (at least it was this morning)
I don’t get it. How does oil drop $20+ a barrel but only drops 2 cents at the pump. Believe me if it would be the other way around the gas stations would be raising prices 5-7 cents per day.
Something isn’t Kosher.
I found 3.79 for cash in Union NJ. 3.89 for credit.
puppydogs,
woof! the reason is because the prices on the market are not “current” meaning that it takes time for the oil they purchase at that price to make it to the market as gasoline. that being said, it shouldnt go up so fast either which would be a good question!
Mark,
Thanks, but I understand that. My issue is when the price of oil was rising each day on the exchange, the gas stations didn’t hesitate to pass the increase on to the customers. Now that the price is in free fall we don’t get the benefit of a decrease at the pump.
Do you remember when hurricane Katrina hit? I remember the price at the pump increased 3 times during that day. What a bunch of Ga’nuvem.
It is still outrageous and unacceptable. Other industries are starting to charge unacceptable high prices with a “take it or leave it” attitude, too.
veryinteresting – If your vote for Obama provides him his margin of victory, you may be in luck with him imposing government mandated price controls, Cuban-style.