TOMS RIVER, NJ – After promises by the federal government to stabilize gas prices earlier this year, gas prices in New Jersey have risen 60 cents in just six months. In President Joe Biden’s State of the Union speech in February, he boasted about reduced gas prices.

“Here at home, gas prices are down $1.50 a gallon since their peak,” the President remarked.

Since that day, prices have increased by 60 cents, cutting the post-pandemic price drop nearly in half.

In February, the price of regular gasoline in New Jersey was $3.17, according to GasBuddy.com.

Today, the average cost for a gallon of regular gasoline at the Jersey Shore is $3.75.

The national average for gas in America is $3.82, and experts predict we can soon see $4 per gallon prices at the pump shortly. In June of 2022, gas prices reached a record high nationwide of $4.62 per gallon.

There’s more bad news in store for New Jerseyans as the summer ends. Crude oil prices have jumped from $70 per barrel to $80 per barrel in recent weeks. Analysts expect the price per barrel could peak in the $95 range. On top of that, Saudi Arabia has embarked on Vision 2030, a plan to boost the company’s finances by increasing the price of crude oil to the world.

President Joe Biden, who has boasted about reigning in the price of gas could be facing a major problem in the 2024 election if Americans are once again paying over $4 per gallon at the pump.

Phil Stilton Latest posts

Phil Stilton is the Editor and Publisher of Shore News Network, an independent digital newsroom providing original reporting on New Jersey, national news, government, public policy, public safety, courts, and community affairs.

As founder of the publication, Stilton leads editorial strategy, investigative reporting, and daily newsroom operations while overseeing coverage that reaches millions of readers annually.

With extensive experience covering municipal government, county government, state legislatures, elections, law enforcement, emergency management, and public records, Stilton specializes in translating complex government actions into clear, factual reporting. His work frequently relies on primary source documents, including court filings, legislation, public meeting records, election finance disclosures, government databases, police reports, and Freedom of Information and Open Public Records Act (OPRA) requests. He has reported extensively on local government accountability, taxpayer spending, campaign finance, public corruption investigations, infrastructure, public safety, and the policies affecting New Jersey residents.

Under Stilton's editorial leadership, Shore News Network has grown into one of New Jersey's largest independent digital news organizations, publishing thousands of original news articles each year while providing breaking news coverage, investigative reporting, and analysis across state and local government. The publication's reporting is routinely sourced from official government agencies, public officials, court records, and firsthand documentation, with a commitment to transparency, attribution, corrections when warranted, and clearly distinguishing factual reporting from opinion.

Stilton's journalism follows established newsroom standards emphasizing accuracy, verification, fairness, and accountability. Every effort is made to verify information through official records and multiple reliable sources before publication. His reporting is intended to provide readers with timely, well-documented information that helps them understand the issues affecting their communities, while maintaining editorial independence from political parties, government agencies, advocacy organizations, and commercial interests.

Readers can submit story tips, corrections, public records, or media inquiries through the official Shore News Network website or its verified social media channels. Shore News Network welcomes corrections and updates when new information becomes available as part of its ongoing commitment to accurate and transparent journalism.