The average price for gasoline in New Jersey set a new record on Monday at $4.47 a gallon of regular-grade gas, according to AAA.
The cost of gas is up nearly 25 cents a gallon from just a week ago and almost 37 cents from a month ago, despite declining demand and the Biden administration’s release of 1 million barrels of oil per day from the Strategic Petroleum Reserve.
In Ocean County, the average price for gas is even higher than the statewide average, with a gallon costing $4.51 on average – a county record. Just a month ago, the average price was $4.08 a gallon, and $3.03 a year ago.
Diesel prices have also been soaring, with the average price for a gallon now $6.19, causing shipping costs to skyrocket, adding to already soaring inflation for food and other goods.
