New Jersey Gas Prices Creeping Back Over $3 Per Gallon As Election Nears

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1 min read
October 13, 2024

If you enjoyed cheaper gas over the past few weeks, don’t get used to it. Gas prices are back on the rise, reminding New Jersey drivers that $3 per gallon gas is the “New Normal” people like Governor Phil Murphy regularly talk about.

Gas prices in New Jersey have been a bit of a roller coaster recently. After a temporary drop of about 20 cents, bringing the cost below $3 per gallon, prices are starting to climb back up. As of early October, the average cost for regular unleaded in New Jersey is hovering around $2.98 to just over $3, depending on the region​.

This recent fluctuation was driven by several factors, including fluctuations in crude oil prices and localized events like hurricanes. While the drop offered a brief reprieve for drivers, rising demand and maintenance issues at refineries are nudging prices upward again​.

New jersey gas prices creeping back over $3 per gallon as election nears
Photo: new jersey gas prices creeping back over $3 per gallon as election nears

So, for now, it looks like $3 per gallon might be the new norm for the Garden State, at least for the foreseeable future.

Gas prices in New Jersey are creeping back up to around $3 per gallon, but they still remain significantly higher than they were during Donald Trump’s presidency from 2016 to 2020. Under Trump, gas prices in the U.S. generally ranged between $2.20 and $2.80 per gallon, with even lower dips in 2020 due to the pandemic-driven collapse in demand​.

In contrast, since 2021, the price of oil has been subject to global supply chain disruptions, inflation, and geopolitical events, which have kept gas prices higher nationwide. At times in 2022, gas prices in New Jersey even soared past $5 per gallon during major supply crises​.

Photo: new jersey gas prices creeping back over $3 per gallon as election nears

So while drivers briefly enjoyed lower prices a few weeks ago, the current reality still feels expensive compared to the pre-2021 era.

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.

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