Contact Us
Make My Homepage

NJ Gas Prices Drop in March

New Jersey saw a big drop in gas prices during the month of March.  AAA Mid-Atlantic reports that gas prices came in like a lion at the beginning of the month, but they’re going out like a lamb.

Unseasonably High Gas Prices Suggest Year Of Escalating Prices
Joe Raedle, Getty Images

Prices at the pump started the month at $3.77 per gallon, but over the past four weeks, they’ve dropped 13 cents, to $3.64. That’s 28 cents less than at this same time last year.

“While prices at the pump have declined throughout most of March, it is still too soon to say whether retail prices have peaked for the spring because there is still refinery maintenance to be completed and much of the country has yet to transition to (more expensive) summer-blend gasoline,” according to Tracy Noble, Manager of Public and Government Affairs for AAA Mid-Atlantic.

She pointed out with the national average falling further below the year-ago price, AAA continues to predict that the national average will crest lower than in recent years.  Back in 2011 the national average for regular unleaded peaked at $3.98 on May 5. In 2012 the price peaked at $3.94 on April 5th .

The price of crude oil strengthened to a five-week high this past Wednesday (settling at $96.58 per barrel), supported by a larger-than-expected build in crude oil inventories (3.3 million barrels) and signs of increased demand.  Economic news, both domestic and international, also supported crude oil’s run above the $96 per barrel mark.  The U.S. economy in the fourth quarter was better than expected, and Cyprus banks also reopened, which could help to mitigate fears of unrest spreading through the Eurozone.

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and 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 points, 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 with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, 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.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!