Business & Finance

AAA: New Jersey May 7 Survey Shows Gas Price Average 50 cents Higher than 2017

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Motoring on the New Jersey Turnpike. Credits: John Lee / TAPinto.net
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FLORHAM PARK, NJ - The average price of a gallon of regular gasoline in New Jersey is $2.89 today, unchanged from last week, but 20 cents higher than a month ago and 50 cents high than May 7, 2017. The survey of prices was conducted by AAA Northeast. 

On the national scene, the survey found the current national average to be $2.81, the same as last week. The national average price today is 15 cents higher than a month ago ($2.66) and 46 cents higher than a year ago ($2.35).

“Crude oil prices are topping 70 dollars a barrel this morning and pushing up prices at the pump once again,” said Robert Sinclair, Manager of Media Relations for AAA Northeast. “Rising crude prices, combined with geopolitical tensions that raise concerns about the supply of oil and energy products, are putting upward pressure on the market.”

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