Gas Prices Jump 11 Cents At The Pump In New Jersey
The pain at the pump just keeps getting worse for drivers in the Tri-State area this morning.
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The pain at the pump just keeps getting worse for drivers in the Tri-State area this morning.
Gas prices are pumped up across the Tri-State Area, and with seemingly no end in sight, drivers were lining up at area gas stations on Thursday to fill up before the prices soar again.
At first you might have thought your eyes were playing tricks on you, but they weren't. Gas prices hit $4.99 for premium in Stamford on Wednesday.
The national average for gasoline increased for 26 straight days and New York is now the sixth state to top $4 for a gallon of regular unleaded.
Police are even seeing incidents related to the price at the pump. Police said a Nissan Maxima driver asked for $20 worth of gas in Fort Lee, but sped off without paying, dragging the gas station attendant into the middle of Route 4.
AAA Mid-Atlantic says the average price of regular gasoline on Friday was $3.63, up 7 cents from last week.
In New Jersey, known for its cheap fuel, the average price per gallon for regular gas is now $3.61. In New York, it's $3.96. Connecticut drivers have it worst, with the average price for regular at almost four dollars a gallon.
The statewide average in New York, according to AAA, was $3.93 a gallon for regular. In Connecticut, prices rose by a penny to $3.94. In New Jersey, prices were a comparatively cheap $3.58.
AAA Mid-Atlantic says the average price of regular gasoline on Saturday was $3.44, up six cents from last week. And that's also much higher than a year ago, when New Jersey motorists were paying $2.63.
AAA Mid-Atlantic says the average price of regular gasoline on Friday was $3.38, down a penny from last week. But it's still much higher than a year ago, when New Jersey motorists were paying $2.63.
Motorists continue to see sharply higher prices at the pumps in New Jersey. AAA Mid-Atlantic says the average price of regular gasoline on Friday was $3.39, up nine cents from last week.
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There's seemingly no end in sight for the pain at the pump. The price of a gallon of regular gas jumped 17 cents on Friday, to about $3.26, on the New Jersey Turnpike and the Garden State Parkway.
It's hard not to think you're being gouged when you see the gas prices spike, and in some cases, you are. Aside from that, though, the buying and selling of gasoline is a complicated business based on anticipation as much as reality.
Gas prices are creeping up but one oil expert says he doesn't predict prices to hit the 2008 level.
AAA said the average cost of a gallon of gas jumped about 15 cents last week. Drivers are on the lookout for price gouging, but one local official said the city is allowing it to happen right under its nose.
While analysts debate the legitimacy of a connection between rising gas prices here in the U.S. and unrest in Libya, drivers in our area continue their never-ending search for a bargain at the pump.
Drivers have been reeling at the rapid rise in the cost of gas, and worries have cropped up that some prices are being pumped up to scam consumers. On Sunday, a pair of New York State lawmakers called for action.
Libya exports less than 2-percent of the world's oil, and that fuel is weeks away from actually being sold at the pump. So why are gas prices here steadily on the rise now?
Because of the unrest in Libya, oil prices briefly touched $100 a barrel Wednesday for the first time since 2008. It's a development that's expected to have a ripple effect on prices across the board.
The current average price for regular gasoline in the Tri-State Area is about $3.27. The unrest in Libya could drive that even higher.
AAA Mid-Atlantic says the average price of regular gasoline on Friday was $3.04, down a penny from last week.
AAA Mid-Atlantic says the average price of regular gasoline in the Garden State on Friday was $3.05, up a penny from last week.
The temperatures are low and filling up at the gas station will leave our bank accounts the same way.
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