Gas Prices Approach Dreaded $4 A Gallon Mark
More bad news for drivers. Gas prices continue to rise nationwide, approaching $4 a gallon.
"California has already hit $4.25 a gallon and now the east coast is seeing the price spike. Both Maine and Maryland are sitting at $3.99. New Jersey, thankfully, is not one of those states" said Ben Brockwell, spokesman for the Oil Price Information Service in Wall Township.
But, Brockwell cautions that prices could still spike to $3.80 a gallon and higher.
"The market is starting to settle, but I wouldn't be surprised if they reach the $3.80's in the next few weeks."
Why the spike? Brockwell attributes it to strong global demand, tensions with Iran and the switch to more expensive summer-blend fuel.
Today, Jersey gas prices average $3.77 a gallon, about 20 cents lower than the national average of $3.93