Jersey drivers should always have extra cash on them.
AAA Northeast says that the average price of gas in the Garden State is going up again.
The April 10 survey found that the average price of a gallon of gas in New Jersey went up by 12 cents on Monday, to $3.38. That’s eight cents more than it was a month ago, but 71 cents less than it was a year ago, when the average price was $4.09 per gallon.
The average price of gas in the Garden State is still less than the national average, which is now $3.60, up a dime from last week. The national average price is also 13 cents higher than it was a month ago, but it is 51 cents lower than it was a year ago, when it was $4.11.
When OPEC announced out of the blue that it would cut production by more than a million barrels per day, crude jumped well above $80 a barrel. Since then, it has been hard for crude to stay above that mark.
Robert Sinclair, Jr., senior manager of public affairs at AAA Northeast, said, “The oil market has had some time to think about the OPEC news and speculate about why it happened. This has led to the price of oil stabilizing for now.”
He also said that drivers might not get a break at the pump for a while because the price of oil makes up more than half of what people pay for gas.
The price of gas went up in every state nearby. Prices at the pump in Connecticut and Pennsylvania went up by 12 cents, to $3.41 and $3.69, respectively. New York drivers saw the smallest increase, which was seven cents (from $3.47 to $3.54) since last week.