State gas taxes in New Jersey will rise to 50.7 cents per gallon. Gas consumption is down in the COVID-19 recession, triggering a hike under a state formula.
Now that New Jersey's stay-at-home order has been lifted and the state slowly reopens, that means more people are hitting the roads, driving up the demand for gasoline.
Trouble with Iran, higher crude prices, a refinery fire in nearby Philadelphia -- all problems that may cause gas prices to "wobble," near term, according to one expert.
Prices at the pump have gone up 8 cents a gallon over the past week in the Garden State, from $2.51 to $2.59 on average, and they’re expected to keep climbing for at least the next couple of months.
Robert Sinclair of AAA/Northeast says one reason for the rise — up two cents-a-gallon in New Jersey on average this week — is the switch to reformulated blends.
Gas prices continue to creep upward in New Jersey, at an average of $2.37 a gallon right now, according to the AAA Auto Club. And that's up a nickel from a week ago.