NJ's Gas Prices Have Dropped of Late but Could Approach $4 a Gallon This Summer

February 25, 2023 | northjersey.com

Gas prices recently dropped in New Jersey and around the nation amid a lull in demand and glut in oil production, but analysts are predicting they could rise back up to $4 a gallon as the warmer weather drives people to the pumps.

NJ SEED: The statewide cost per gallon was $3.22 last Friday It was $3.38 last month. Some may recall the national average for a gallon of regular gasoline was $2.25 on January 1, 2021.