Motorists continue to see sharply lower prices at the pumps in New Jersey.
Concern over the shipment of volatile Bakken crude oil following an explosive and deadly wreck last summer in Quebec led to a federal order in May, requiring railroads to provide information to states.
Prices at the pump have soared over the past month. Mike Fox, head of the Gasoline & Automotive Services Dealers of America in Connecticut, said the spike in prices is not due to a lack of crude oil or refined gas supplies.
The average home heating oil prices in Connecticut hover at the $3.60 per gallon mark.
Gas prices have risen at the beginning of each year since the economic collapse – and 2013 is no exception, according to recent data.
At a time when gas prices typically rise, they are forecast to drop. “We saw the price of crude oil drop by $9 as of Monday, and that’s the highest one-week drop this year,” Robert Sinclair, Jr. of AAA said. “With it will come gasoline prices.”
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 Friday was $3.56, up 12 cents from last week.
The costs of oil are skyrocketing, leaving many people concerned about how they’re going to pay to heat their home.