Coronavirus New Jersey: Gas Prices Still Plunging Amid Low Demand, Record Inventory
Analysts say crude prices hit a low not seen since 2002 this week as demand has dropped to levels not seen in over half a century.
Watch CBS News
Analysts say crude prices hit a low not seen since 2002 this week as demand has dropped to levels not seen in over half a century.
Gas prices in New Jersey and across the nation continue to fall amid the coronavirus epidemic as many people adhere to shelter-in-place orders.
Analysts say that as the price of crude oil drops to levels not seen since the early 2000s, gasoline prices are following suit.
AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.39, down six cents from a week ago.
Analysts say gas prices tend to drop in January as demand decreases with fewer people driving in colder weather.
The national average gas price Friday was $2.56, down three cents from last week.
AAA officials say an escalation of Middle East tensions could affect drivers at the pumps eventually, both nationally and internationally.
Analysts expect the decline to continue in the coming weeks.
The national average fell one cent to $2.65 last week.
The increases are expected to be short term as oil production comes back online.
AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.57, four cents lower than last week.
AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.81.
Analysts expect the trend to continue into early June.
Now analysts warn that the respite might not last heading into the Memorial Day weekend or the unofficial start to summer vacation.
Experts say the recent increases are due to three factors: the switchover to more expensive summer-blend gas, an increase in demand and rising crude oil prices.
The pain at the pump may hurt a little more too as $4 per gallon could soon become reality.
The Oil Price Information Service says filling up this summer will be the most expensive since 2014.
Crude oil prices have remained lower and oil and gas supplies have risen, but AAA Mid-Atlantic expects a change soon.
It getting more and more expensive to fill up your tank.
Motorists continue to see higher prices at the pumps in New Jersey.
Motorists continue to see slightly higher prices at the pumps in New Jersey.
Motorists will not find significant holiday savings when filling their gas tanks.
The national average cost of a gallon of regular gas is around $2.67, the highest it's been since August of 2015.
Gas prices have spiked yet again and are now up about 24 cents a gallon since Hurricane Harvey struck Texas.
Key oil and gas facilities along the Texas Gulf Coast have temporarily shut down as Hurricane Harvey pounds the region with torrential rain and high winds, virtually assuring gasoline prices will rise in the storm's aftermath.
Wednesday will be a noticeably better weather day than Tuesday in the Philadelphia region, with stray showers possible early in the day.
Max Muncy hit a two-run homer, Justin Wrobleski pitched into the seventh inning and the Los Angeles Dodgers beat Zack Wheeler and the Philadelphia Phillies 2-1 on Tuesday night.
Before Delaware County Memorial Hospital is demolished, the Upper Darby School District is working to save important items that are still inside.
A video sent to CBS News Philadelphia shows a waterspout over the Delaware Bay amid a tornado warning in Cape May County.
Families in West Philadelphia are bracing for more rain and wind as they continue cleaning up from recent storms.
A video sent to CBS News Philadelphia shows a waterspout over the Delaware Bay amid a tornado warning in Cape May County.
Wednesday will be a noticeably better weather day than Tuesday in the Philadelphia region, with stray showers possible early in the day.
Max Muncy hit a two-run homer, Justin Wrobleski pitched into the seventh inning and the Los Angeles Dodgers beat Zack Wheeler and the Philadelphia Phillies 2-1 on Tuesday night.
Before Delaware County Memorial Hospital is demolished, the Upper Darby School District is working to save important items that are still inside.
Families in West Philadelphia are bracing for more rain and wind as they continue cleaning up from recent storms.
Before Delaware County Memorial Hospital is demolished, the Upper Darby School District is working to save important items that are still inside.
Families in West Philadelphia are bracing for more rain and wind as they continue cleaning up from recent storms.
City Council President Kenyatta Johnson, police and other community members were in Southwest Philly Monday night for a "Peace Not Guns" canvass.
A man was shot multiple times in North Philadelphia Monday afternoon, police said.
Two groups in the Philadelphia area are helping cats and dogs from Texas find forever homes.
There were two confirmed tornadoes in northern New Jersey on Tuesday.
A Florida man was arrested and charged following a 15-hour standoff at a Walmart parking lot in Lumberton, New Jersey.
A 41-year-old woman died in a crash after fleeing a traffic stop with a 5-year-old child inside in Mantua Township Sunday night, officials said.
Two groups in the Philadelphia area are helping cats and dogs from Texas find forever homes.
Two young children were killed during the crash in Barnegat Bay between Berkeley Township and Seaside Heights on Sunday night.
Police in Wilmington are increasing patrols after receiving 28 reports of car break-ins and attempted thefts last weekend.
Health officials in Delaware have confirmed the first cases of measles in the state in more than a decade.
Delaware State Police are investigating a death after a man's body was found in a retention pond near Christiana Hospital in Newark.
Body-worn camera videos from the night Kadir Skinner was shot and killed by police in Wilmington, Delaware, were released by state and local officials Thursday.
Attorneys for the family of Kadir Skinner, the 19-year-old shot and killed by Wilmington police, have released new cellphone video.
Health officials in Delaware have confirmed the first cases of measles in the state in more than a decade.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
Pennsylvania is under a statewide Code Purple air quality alert on Friday because of smoke from the wildfires in Canada and Minnesota. But what does that mean?
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Pennsylvania will be under a code red air quality alert on Thursday because smoke from wildfires in Canada and Minnesota will create unhealthy levels of pollution for everyone.
While some assume landlords are required to provide air conditioning, the law is not nearly as clear-cut as it is for heat in the winter
New Jersey is set to charge companies whose workers have Medicaid health coverage.
Target is voluntarily recalling two types of baby wipes due to concerns that the products may be contaminated with bacteria that may cause "serious and life-threatening infections," the U.S. Food and Drug Administration said on Friday.
The Pennsylvania Liquor Control Board says it will begin approving the extended-hours permits for Philadelphia businesses within the next week.
Two top-rated and critically acclaimed restaurants in the Philadelphia area are receiving a new honor.
PennDOT is advising drivers about an overnight closure on the Schuylkill Expressway westbound in West Philadelphia between 30th Street and the interchange with I-676 East.
Pennsylvania State Police are investigating two crashes, one of which was fatal, that happened hours apart on I-95 and I-76 in Philadelphia.
An overturned tractor trailer blocked traffic on the southbound lanes of Route 55 after a crash early Monday morning in Gloucester County, New Jersey.
A major rail injection saw service suspensions and delays after a SEPTA Regional Rail train derailed Wednesday in Philadelphia.
Three men died in a plane crash in Maryland Saturday night, police said.
Max Muncy hit a two-run homer, Justin Wrobleski pitched into the seventh inning and the Los Angeles Dodgers beat Zack Wheeler and the Philadelphia Phillies 2-1 on Tuesday night.
Trea Turner hit two homers, including the 200th of his career, and drove in five runs, Bryce Harper and Brandon Marsh also went deep and the Philadelphia Phillies beat the Los Angeles Dodgers 10-7.
A warmup jacket worn by Wilt Chamberlain during the 1972 NBA finals that was found in an Oregon thrift store could fetch more than $150,000 in an auction closing Monday.
The Phillies will be throwing it back to the late 1930s and early 1940s during next month's Field of Dreams game in Iowa.
The New York Mets won a series in Philadelphia for the first time in nearly four years, beating the Phillies 6-1 on Sunday.
A warmup jacket worn by Wilt Chamberlain during the 1972 NBA finals that was found in an Oregon thrift store could fetch more than $150,000 in an auction closing Monday.
The actor's agent said he was providing more information following news reports "which contain inaccuracies and outright falsehoods."
Will Ferrell stopped in the Philadelphia area Monday to promote his new Netflix comedy series.
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.
Ukee Washington reports.
Natasha Brown reports.
Natasha Brown reports.
Natasha Brown reports.
Ukee Washington reports.
Middle school students in Philadelphia got the opportunity to do hands-on learning during the school district's five-day career and technical camp.
With her Girl Talk mentoring program, one Philadelphia teen turned her camp days into a safe space to discuss social issues young girls face every day.
Recent high school graduate Sylvain Farrell says his temporary position at a local clinic is the pathway to a full-time career.
A Philadelphia student won an award from NFL Films for his documentary on bringing back sports teams at his Kensington school.
A group of East Norriton eighth graders took what started as an Earth Day project and made a whole initiative.
Bill Kelly has the latest NEXT Weather forecast for the Philadelphia region for Wednesday, which will be a much better weather day than Tuesday.
The 91-year-old homeowner said the house immediately lost power when the tree struck the home.
The severe storms Tuesday night triggered a tornado warning for Cape May and Ocean Counties in New Jersey Tuesday night.
The standoff began Monday night in a Walmart parking lot in South Jersey and ended Tuesday afternoon, according to police.
In an email to CBS News Philadelphia, the Upper Darby School District asked families for patience and said every requested memorial item will be returned before demolition begins.