NJ Gasoline Prices Take Another Sharp Jump

TRENTON, N.J. (AP) — Motorists are again seeing sharply higher prices at the pumps in New Jersey.

AAA Mid-Atlantic says the average price of regular gasoline in the Garden State on Friday was $2.94, up 6 cents from a week ago.

That’s also much higher than a year ago, when New Jersey motorists were paying $2.52.

Meanwhile, the national average price rose to $2.98, up 8 cents from last week. That’s also much higher than the national average from a year ago, which was $2.63.

AAA Mid-Atlantic says the rising pump prices are due to rising crude oil prices, a decline in the U.S. dollar and “telltale signs” of economic growth in America and China.

(Copyright 2010 by The Associated Press.  All Rights Reserved.)

Comments

One Comment

  1. rugbyball says:

    Ah, NJ Gasoline is still cheaper than any other North Eastern State, and one of the top two cheapest in the nation. Thanks to really low gasoline tax. So I don’t feel bad for them, NY is seeing gas prices shoot up right along with NJ, just at a higher cost per gallon.

  2. Fred says:

    They will keep raising prices until people revolt then look out do nothing politicians, big oil, hedge fund bankers and wall streeters.

  3. sharon wolff says:

    I believe the increase in “crude” is based on the greedy oil execs as well as the “futures” folks. Gotta get those mega bonuses! How disgusting

  4. edy says:

    so, just because the economy is speculatively growing, we have to get hosed at the pump?

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