News Article
Gasoline Prices Rise For 6th Week
By Phil Gregory, WBGO News
February 19, 2013
Gas prices in New Jersey are moving higher for a sixth straight week.
The average price of a gallon of regular in the Garden State is now $3.63. That’s six cents more than a week ago and 30 cents higher than last month.
Ben Brockwell with the Oil Price Information Service in Wall Township does not expect the price to fall anytime soon.
“You may see it calm down a little bit over the next week or two but if you look April gasoline prices both in the futures and the physical market those prices are looking to be 10 or 15 cents higher.”
Brockwell says tight supplies due to the upcoming switch to the summer blend of gasoline are contributing to higher costs at the pumps.
Many analysts predict the price will drop later in the year, but Brockwell says stable demand could keep prices high.
“We always see in the fourth quarter a big drop in gasoline prices. We have to see. Anybody can predict anything at the end of the day. I only look at what I see right now. What I see is pain at the pump. That’s what I’m going by.”
© 2013 WBGO News
WBGO Newsroom
-
Concerns About Beach Replenishment
Bradley Beach. May 24, 2013
Projects will affect contour of the beach. Read More
-
Reports Documents Safety Violations By Compounding Pharmacies
May 23, 2013
A new report released today says pharmacies that are meant to customize individual prescriptions are racking up safety violations and manufacturing dangerous drugs that could end up on the shelves of your local pharmacies. Read More
-
Environmentalists Want Fracking Waste Override
Trenton. May 23, 2013
Urge lawmakers to act before their summer break. Read More
-
In Newark, Art Auction Celebrates The Value of Creativity
Newark. May 23, 2013
Aljira, Newark's center for contemporary art, celebrates 30 years and looks forward to the city's renaissance. Read More
-
Business Owners Flash Their Wares For NFL Host Committee
Secaucus. May 22, 2013
New Jersey businesses are angling for a piece of the Superbowl pie. Read More







