Voorhees-based AAA reports that the average price for a gallon of regular gasoline in New Jersey rose 33 cents over the last week to $3.53 — the 16th-largest jump in the nation. Prices are up 59 cents, on average, in the state since last month.
With the spring break season about to arrive and the U.S./Middle East conflict continuing, the national average for a gallon of regular gasoline has jumped nearly 35 cents since last week.
The cheapest gas in the Garden State can be found in Salem County, with an average price of $3.48. Cape May County is seeing the highest average price at $3.63 per gallon.
According to new data from the Energy Information Administration (EIA), gasoline demand increased last week from 8.29 million b/d to 9.24 million.
Total domestic gasoline supply decreased from 253.1 million barrels to 249.5 million barrels. Gasoline production increased last week, averaging 9.9 million barrels per day.
The nation’s top 10 most expensive gasoline markets are California ($5.36), Hawaii ($4.76), Washington ($4.74), Nevada ($4.39), Oregon ($4.30), Arizona ($4.06), Alaska ($3.96), Florida ($3.71), Pennsylvania ($3.66) and Illinois ($3.66).
The nation’s top 10 least expensive gasoline markets are Kansas ($3.04), Oklahoma ($3.05), North Dakota ($3.09), Arkansas ($3.11), Missouri ($3.12), Mississippi ($3.16), South Dakota ($3.18), Kentucky ($3.19), Wisconsin ($3.21) and Iowa ($3.22).
At the close of March 11’s formal trading session, WTI rose $3.80 to settle at $87.25 a barrel. The EIA reports crude oil inventories increased by 3.8 million barrels from the previous week.
At 443.1 million barrels, U.S. crude oil inventories are about 2% below the five-year average for this time of year.
In EV charging, the national average per kilowatt hour of electricity at a public EV charging station went up by 2 cents this past week to 41 cents.
New Jersey, which has 3,284 chargers across the state, has a cost of 45 cents per kWh, which is among the nation’s top 10 most expensive states.
The other states include West Virginia (54 cents), Hawaii (51 cents), Alaska (50 cents), New Hampshire (47 cents), Louisiana (47 cents), South Carolina (46 cents), California (45 cents), Arkansas (44 cents) and North Dakota (43 cents).
The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (29 cents), Missouri (31 cents), Nebraska (33 cents), Iowa (33 cents), Maryland (33 cents), Utah (34 cents), Vermont (34 cents), South Dakota (34 cents), Delaware (36 cents) and Colorado (38 cents).
