Gas prices in New Jersey have fallen considerably over the last month, with the average price for a gallon of liquid fuel now at its lowest point in a year, much of it due to low demand.
In New Jersey, the average price for a gallon of gas as of Monday was $3.42, the lowest it’s been since exactly a year ago. Prices in Ocean County are a tick higher, at $3.45 a gallon.
However, gas prices in New Jersey are still much higher than the national average, which stands at $3.26 a gallon, according to AAA.
AAA explained the decreasing prices: “Increasing supply and lower gasoline demand is pushing pump prices lower. As demand remains low and stocks grow, drivers will likely continue to see pump prices decrease through next week.”
And good news could be coming for the cost of goods, with diesel prices also expected to fall dramatically in the coming weeks.