New Jersey drivers may finally get some relief going into the school year, because gas prices are easing up.
Figures by travel club AAA show that the average price for a gallon of gas was $3.08 as of Tuesday, down from $3.09 yesterday, $3.15 last week and $3.28 a month ago.
In Bergen and Passaic counties, the average cost of a gallon of gas was $3.06, figures from AAA show. Many individual gas stations have already begun selling gas at less than $3 a gallon , according to figures from GasBuddy.com.
“Gasoline prices continue to crumble across nearly the entire nation,” said Patrick De Haan, head of petroleum analysis with GasBuddy.com.
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“With the change to winter gasoline happening today at most stations across the country, the outlook is bright for the national average to continue to make a run at falling to $2.99 per gallon for the first time since 2021.”
Why are gas prices falling now?
Denton Cinquegrana, an analyst with the Rockville, Maryland-based Oil Price Information Service, said lower gas prices this time of year are to be expected thanks to the switch to the cheaper winter blend of gas.