HAMILTON– As the average price of gasoline in New Jersey approaches $2.50 per gallon for regular serve, many motorists are wondering when the state will reach its summer price peak.
The state’s average gallon has risen steadily since April 9, when the price stood at $1.87. Since that date, the state’s average gallon has gone up or held steady every day.
AAA puts today’s statewide average at $2.45, a more than 31% increase since April 9.
Since January 1, 2009 – when the statewide average was $1.47 – the state’s average gallon has increased by nearly 67%.
A look through AAA Mid-Atlantic gas-price data, going back to summer 2000, shows the following summer peak average price per gallon dates, with the corresponding price:
· 2000: July 24 @ $1.58/gallon
· 2001: June 11 @ $1.68
· 2002: July 2 @ $1.62
· 2003: Sept. 9 @ $1.70
· 2004: June 8 @ $2.03
· 2005: Sept. 7 @ $3.18
· 2006: July 28 @ $3.01
· 2007: June 1 @ $2.96
· 2008: July 8 @ $4.00
Increasing oil prices have pushed the price per gallon at the pumps up. Trading for the commodity hovered near $72 / barrel on Thursday morning on signs demand could be increasing and recent federal government reports that U.S. inventories had fallen much, much lower than expected.
“If the present trend continues – higher or stable oil prices – we’re looking at prices between $2.50 and $2.80 per gallon throughout the summer in the Garden State,” AAA Mid-Atlantic spokesman David Weinstein said.
Across the state’s various counties and metro areas, AAA tracked the following average prices on Thursday, June 11, 2009:
· Atlantic & Cape May counties: $2.43
· Middlesex, Somerset & Hunterdon counties: $2.46
· Monmouth & Ocean counties: $2.45
· Newark metro: $2.45
· Burlington County: $2.44
· Trenton metro: $2.48
Wildwood Crest – Several of Donald Trump’s Cabinet picks have created quite a bit of controversy over the last few weeks. But surprisingly, his pick to become the next director of the FBI hasn’t experienced as much…
