How low will they go? Gas prices lowest in a long time - Daily Record
Labor Day weekend gas prices will be the lowest they’ve been since 2004, with the cost to fill the tank expected to plunge even lower this fall and winter, experts predict. 18 a gallon on Tuesday, the average price for gasoline in New Jersey was almost 30 cents a gallon less than it was a month ago, and more than a dollar less than it was a year ago, according to AAA Mid-Atlantic. “It should go lower tomorrow,” Tom Kloza, global head of energy analysis for Oil Price Information Service in Wall, said on Tuesday. “This is the cheapest Labor Day price for gas in New Jersey since 2004,” when the average cost for a gallon of gas on Labor Day weekend was $1. 82, Kloza said. Although the average statewide gasoline price on Tuesday was $2. 18 a gallon, “anyone with a pulse can do a lot better than that,” Kloza said. She was filling up her Honda Element at the 76 gas station on Route 33 in Neptune, where gasoline was selling for $2. 03 a gallon. Kloza predicted the cost for a gallon of gasoline could plunge to as low as $1. 75 a gallon in New Jersey in the fall and winter, when prices historically are lower because of lighter demand and the cheaper blend of ingredients used for winter fuel. The average price for gasoline in New Jersey was $2. 47 a gallon a month ago, and $3. 25 a year ago, said Tracy Noble, spokeswoman for AAA Mid-Atlantic. Source: www.dailyrecord.com
