Gas in NJ dips below $3

October 6, 2008 3:33:29 PM PDT
Gas prices dropped below $3 dollars at several stations in New Jersey this weekend. Prices of $2.98 and $2.99 for regular unleaded gas were posted at stations in Newark, Jersey City and Hillside. They were the cheapest gas prices since April.

The average price of gas in the Garden State broke the $3 barrier last March.

The prices are dropping over concerns that demand will weaken further in an economic slowdown. Oil prices fell below $90 a barrel, and light, sweet crude for November delivery was down $4.69 to $89.19 a barrel in electronic trading on the New York Mercantile Exchange by late afternoon in Singapore.

Oil prices have tumbled nearly 40 percent since peaking in July.

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Links to Information and Resources:

For The Best Prices Locally:

  • www.newyorkgasprices.com
  • www.newjerseygasprices.com
  • www.connecticutgasprices.com

    For The Best Prices Nationwide:

  • www.fuelgaugereport.com
  • www.fuelcostcalculator.com
  • www.gaspricewatch.com
  • www.gasbuddy.com

    Westchester Department of Consumer Protection:

  • Survey of Gasoline Prices

    Government Accountability Office:

  • Guide to Understanding Retail Gas Prices (PDF)

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