Saturday, September 30, 2023
HomenewsAfter OPEC Made a Statement, Gas Prices Went Up in NJ and...

After OPEC Made a Statement, Gas Prices Went Up in NJ and Across the Country.

After OPEC said last weekend that it plans to cut production by more than a million barrels a day beginning in a month, gas prices in New Jersey and across the country went up.

The average price of a gallon of regular gas in New Jersey was $3.36 on Friday, which is 11 cents more than it was last week. A year ago at this time, the average price per gallon was $4.13.

The price of a gallon of regular gas in South Jersey has gone up by 15 cents since last week

Gas prices surge in New Jersey, around nation after Organization of the  Petroleum Exporting Countries' statement - 6abc Philadelphia

Drivers in Philadelphia and the suburbs around it now pay 13 cents more per gallon than they did a week ago.

And the average price for a gallon of gas in Delaware is now $3.48, which is up 12 cents.
The average price of a gallon of regular gas across the country was $3.58, which was up eight cents from the week before. A year ago at this time, the average price per gallon was $4.15.

Analysts say that the oil market has had a few days to think about what OPEC said, and prices have stabilized for now. However, “drivers may not get a break at the pump any time soon” because oil costs more than half of what consumers pay for gasoline.

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Parvesh
Parvesh
Parvesh is the Content Writer for New Jersey Local News. Here at New Jersey Local News, she covers local news of New Jersey state. Moreover, Parvesh likes to dance and listen to music. She also finds time in her hectic schedule to relax and spend time with loved ones.
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