NJ gas prices have risen more than $2 a gallon in 2 years

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Gas prices continue to rise in New Jersey and the United States.

What a difference a year, or two, can make.

A year ago, the average regular price was $2.94.

Two years ago, gasoline hit pandemic lows below $2 a gallon.

Today, the average regular price in the Garden State is $4.22, according to AAA. That’s 12 cents more than a week ago.

Only five states have seen prices rise faster than New Jersey over the past week.

Industry analysts say rising crude oil prices, not demand, are driving the increases. Oil is still selling for more than $100 a barrel, despite President Joe Biden releasing record amounts of the country’s strategic reserves.

The trend is expected to continue into the summer driving season.

The trucking and sweating sectors are particularly hard hit by these latest increases. Diesel fuel is again selling for nearly $6 a gallon, nearly double what it cost just a year ago.

Eric Scott is the senior policy director and anchor of New Jersey 101.5. You can reach him at eric.scott@townsquaremedia.com

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