New Jersey now has one of the highest gas prices in the country

0

New Jersey is experiencing some of the highest increases in the cost of gasoline in the nation.

AAA puts the average for a gallon of regular in the Garden State at $3.85.

That’s up 18 cents in one week and up 41 cents last month.

Prices have been steadily falling for three months in New Jersey since the cost of gasoline peaked at $5.05 a gallon in June.

They started rising four weeks ago even as demand for gasoline and oil prices fell. Analysts say the tight supply is to blame.

Patrick De Haan of GasBuddy.com notes the differences between the East Coast and the West Coast.

Washington, Oregon and California all saw prices fall between 12 and 29 cents per gallon.

In the East, prices move in the opposite direction

New Jersey, Delaware, Connecticut, Maryland and Rhode Island all saw prices rise between 17 and 27 cents per gallon.

More worrying for consumers is the sharp rise in diesel prices. A gallon of diesel has risen nearly a dollar a gallon over the past month to $5.79.

Rising fuel prices for trucks are passed on to consumers through higher costs charged to ship products. This will only compound the inflationary costs that have taken a bigger chunk of our household budgets.

Eric Scott is the senior political director and anchor of New Jersey 101.5. You can reach him at [email protected]

Click here to contact an editor about a comment or correction for this story.

New Jersey’s Most Terrifying Serial Killers

New Jersey Nightmares – Notorious Serial Killers

UP NEXT: Find out how much gas cost the year you started driving

Discover the must-see roads in each state

Share.

Comments are closed.