Updated: Aug 6
March 25, 2022 | njspotlightnews.org
Gas prices hit record highs in New Jersey this month, but not for New Jersey Transit, the statewide mass-transit agency and a major fuel consumer.
Instead of facing the same pain and uncertainty that many motorists have when filling their tanks, NJ Transit has been saving millions of dollars thanks to a proactive move to essentially lock in much lower prices.
NJ SEED: With no end in sight for rising gasoline and diesel fuel prices, the always-troubled NJ Transit made a wise decision to lock-in fuel prices for at least the next year. After that there could be a significant rate shock for commuters.