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GannettUSA Today

Friday, July 14, 2006

$3 a gallon, going on $4

Well, we did it. We hit the $3 mark for a gallon of gasoline again, for the first time since the immediate aftermath of Hurricane Katrina. According to the AAA Daily Fuel Gauge Report, http://www.fuelgaugereport.com/sbsavg.asp, a gallon of unleaded gas in New Jersey is selling for an average of $3.01 - 6 cents higher than the national average and only 4 cents lower than the post-Katrina national peak of $3.05.
Gas prices tend to go up during the summer months, but there's more at play here than that. The mess in the Middle East, not just in Iraq, but now Lebanon and Israel as well, has the oil markets jittery. That means more upward price spikes.
It won't be long before analysts start talking about $4 a gallon. In California, the average is up to $3.25; in Hawaii, it's $3.38. One gas station in New Jersey, in Summit, is selling unleaded for $3.48 a gallon, according to http://www.newjerseygasprices.com.
It's long past time to take mass transit and smart-growth concepts seriously in this state.

5 Comments:

Anonymous Anonymous said...

All this and a 16.6% increase in sales tax comming tomorrow ! If only Forster got in ...Corzine your a bigger jerk than I thought possibly

12:15 PM, July 14, 2006  
Anonymous Anonymous said...

Why does the price of gas rarely vary more than 1% or 2% from station to station?

Appliances, clothes, food, tools, etc. go on sale routinely at 10%-30% discounts. Even commodity items such as copper pipe, sheetrock, whole grain rice, will vary 10% from store to store.

Maybe if we fix the price-fixing, the price of gas will fix itself.

8:46 PM, July 14, 2006  
Anonymous Anonymous said...

Newt Gingrich is right. We are at the start of WWIII. Gas prices will only continue to rise.

1:49 PM, July 16, 2006  
Anonymous Anonymous said...

and our government sits on it's hands when it comes to encouraging developing alternative fuels, only because there is no mechanism in place to tax them!!!!

9:03 AM, July 17, 2006  
Anonymous Anonymous said...

We can send a man to the moon but not to the corner store for a gallon of milk.

7:47 PM, July 18, 2006  

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