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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.
In New Jersey, the average price per gallon of gas is $3.20. The price of gas surged to over $4 a gallon in New Jersey on Friday, March 4, 2022. What are the gas prices in NJ?
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
The current average price for diesel in New Jersey is $4.03 per gallon which was roughly the cost a month ago. A week ago the cost of diesel in New Jersey was $3.98 per gallon.
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
FILE - A customer pumps gas at an Exxon gas station, Tuesday, May 10, 2022, in Miami. Gas prices have again dropped sharply in New Jersey and around the country, Saturday, Dec. 10, as demand ...
While most fuel taxes were initially levied as a fixed number of cents per gallon, as of 2016, nineteen states and District of Columbia have fuel taxes with rates that vary alongside changes in the price of fuel, the inflation rate, vehicle fuel-economy, or other factors. [7] The table below includes state and local taxes and fees.
South Jersey Industries is an energy services holding company for a natural gas utility and other, non-regulated companies. It is based in New Jersey. The company was publicly traded on the New York Stock Exchange until 2023. [1] The company was taken private by the Infrastructure Investments Fund of J.P. Morgan & Co. [2]