Contact Us
Make My Homepage

NJ Gas Price Drops Stop [AUDIO]


Drivers are keeping a wary eye on those pump prices again because they have stopped going down, and are even starting to creep up.

Kevork Djansezian, Getty Images

But, one expert says there’s no long-term concern.

“We’re in the best shape that we have been in in a decade,” Analyst Tom Kloza said.

He believes the sharp increase in domestic oil production and lower overall demand will keep pump prices from taking any real jaw-dropping spikes for at least six months.

“To a great extent, the fact that we’re now producing more than we’re importing, we really are insulated against world events,” he explained.

In fact, Kloza says crude prices in the rest of the world are much higher than our domestic per-barrel price right now, and that’s a big part of that price insulation for us. Pump prices in Jersey are averaging in the $3.15 range right now.

Because of the favoraable gas prices, some retail analysts suggest shoppers this holiday season will likely have a bit more money for shopping, which may boost seasonal shopping revenue.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Lowest Gas Prices in New Jersey
New Jersey Gas Prices provided by

Best of NJ101.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.