As NJ Gas Prices Inch Up, AAA Sees Possible 40-cent Rise
As gas prices inched up last week in New Jersey, AAA is predicting it could increase as much as 40 cents per gallon this summer, but hopefully will stay under $3 per gallon.
A gallon of regular unleaded gas in New Jersey rose a penny to $2.29. That’s an increase of 45 cents from a year ago. The state implemented a 23-cent gas tax hike last November.
AAA Mid-Atlantic says the current increase is due to a shift to summer-grade blends and to the rising price of crude oil. Crude reached $50.70 per barrel on Friday, compared to $48.05 a week earlier.
Nationally, a gallon of unleaded rose two cents to $2.31 last week, an increase of 25 cents over a year ago.
This article appeared in print on page 7 of edition of Hamodia.
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