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Today's gas prices are a far cry from New Jersey's highest recorded price of $5.05 a gallon in June 2022.
The new gas prices in NJ are lower than the $5.05 seen in June 2022. And gas stations will soon switch to the cheaper winter blend of gasoline
Figures by travel club AAA show the average price for a gallon of gas was $3.08 as of Tuesday, down from $3.15 last week and $3.28 a month ago.
As of 2005, E85 is frequently sold for up to 36% lower price per quantity than gasoline. [10] Much of this discount can be attributed to various government subsidies, and, at least in the United States, the elimination of state taxes that typically apply to gasoline and can amount to 47 cents, or more, per gallon of fuel.
While prices have come down since the peak in June, prices were beginning to tick up again. Gas prices hit $3.79 a gallon the week of September 29, 2022, up from $3.73 on September 23, 2022 — an increase of $0.06 per gallon over the last week. [14] Since October 10, 2022, the price of gasoline has gone down again.
Notes: (1) Estimates assumes 45% highway driving, 55% city driving, and 15,000 annual miles. (2) Average U.S. prices: $2.82/gallon for gasoline, and $2.42/gallon for E85 fuel. E85 prices vary widely by region. As of early November 2010 the minimum price was $2.02/gallon in Illinois and the maximum price was $2.99/gallon in New York.
At the time of writing, the national average price of regular gas is $3.62 per gallon, $0.02 higher than this time last year. Drivers who use premium gas are paying $0.07 more this year than last ...
In the United States, to realize equivalent fuel economy at the pump with an FFV, the price of E85 must be much lower than gasoline. E85 was at least 20% less expensive in most areas as recently as 2011. In one US test, a 2007 Chevy Tahoe FFV averaged 18.3 MPG (U.S. gallons) for gasoline and 13.5 MPG for E85, 26.5% worse than gasoline.