NJ Gasoline Prices Rise 7th Straight Week
By Phil Gregory, WBGO News
August 13, 2012
Gasoline prices in New Jersey are continuing to move higher.
The average price of a gallon of regular in the Garden State is now $3.61. That’s 12 cents higher than a week ago.
Tom Kloza is the chief oil analyst at the Oil Price Information Service in Wall, New Jersey.
“We’ve really been on an uptrend since July 2nd. It’s quickened a little bit lately and it’s quickened mostly because of refinery difficulties in different parts of the country, the most notably being on the west coast within the last week or so.”
Kloza expects gas prices will drift higher until Labor Day and then start to drop as people drive less and oil imports increase. He expects prices could fall to about $3 a gallon by the end of the year.
Kloza cautions, though, that home hearing oil prices could be about $4 a gallon for the start of winter.
“That’s the strong part of the international barrel. The price for diesel and the price for jet fuel is going up, and it’s tugging heating oil higher as well. So I suspect that in the last 100 days or the year, you’ll see prices for diesel and heating oil continue to remain high even while gasoline drops.”
© 2012 WBGO News
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