Gas Prices Remain Lower And Even Cheaper Out West [AUDIO]
Gas prices continue to moderate. And while they may be somewhat reasonable here in New Jersey, they are even lower out West.
New Jersey pump prices are in the $3.30′s right now, and they are holding steady for the moment.
But Tom Kloza, of the Oil Price Information Service, says out West in the Rockies, per-gallon prices are averaging in the $2.20′s and $2.30′s. He says that’s an historic turnaround.
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Kloza says anyone visiting the West for skiing or business right now are prone to, “reverse sticker shock” at the pump.
“Most of us grew up where Western prices were always higher than Eastern prices. And that’s reversed.” Kloza says a lot of the oil being pumped out of the ground in the West is being refined and marketed right there, making for lower prices.
He says gas prices in general could be anywhere from 10 to 20 or 30 cents-a-gallon lower than they were in 2012. Kloza says people are not driving much. He says they are not driving much because they spent all of their money on Christmas or they are worried about their job or the economy. So demand for gas remains low.